Singapore, Jan 29, 2026, 15:26 SGT — Regular session
- Wilmar shares held steady at S$3.42 during late Singapore trading
- A filing revealed Wilmar as a cornerstone investor in Muyuan Foods’ Hong Kong IPO
- Attention shifts to the Muyuan IPO schedule and Wilmar’s FY2025 earnings announcement
Wilmar International shares held steady at S$3.420 during Thursday afternoon trading in Singapore, lingering close to the stock’s 52-week peak of S$3.50. The price fluctuated between S$3.390 and S$3.440, with roughly 4.48 million shares traded.
The stock drew attention following an exchange filing that revealed Wilmar as a cornerstone investor in the Hong Kong offering of China’s largest pig breeder, Muyuan Foods, aiming to raise up to $1.4 billion. Cornerstone investors usually commit to a fixed allocation before the broader IPO bookbuild begins.
Timing is key as investors brace for Wilmar’s full-year results. The company plans to release its financial statements for the year ending Dec. 31, 2025, after the market closes on Feb. 26.
Wilmar’s shares saw volatile action amid heavy trading this week. The stock jumped 4.5% on Jan. 27 but slipped 2.3% the next day, ending Wednesday at S$3.420. Data shows short sales made up about 38% of that day’s volume.
The wider Singapore market edged higher, with the Straits Times Index gaining roughly 0.2% by mid-afternoon. Wilmar, however, fell short of the benchmark’s advance.
Wilmar ranks among Asia’s largest agribusiness firms, covering edible oils, oilseed crushing, feed, food processing, plantations, and sugar operations. Its profits track closely with vegetable oil prices, processing margins, and demand patterns in China and Southeast Asia.
The Muyuan deal comes as Hong Kong works to sustain its IPO momentum into 2026. Data compiled by LSEG and referenced in a Reuters report showed companies pulled in $36.5 billion from 114 new listings in Hong Kong in 2025, marking the busiest year since 2021.
Risks lurk on both sides. IPO appetite may evaporate swiftly if markets wobble, while Muyuan faces a sector rattled by the volatility of China’s pork cycle. For Wilmar, even a small dent in processing margins or a sudden spike in key agricultural costs could hit quarterly results hard and fast.
Investors are set to focus on the final pricing of the Muyuan offering scheduled for Feb. 5, with the stock expected to start trading the next day, according to the filing. Wilmar’s next major event is its FY2025 results on Feb. 26, where attention will turn to margin trends and any forward guidance.
Related articles: SGX:F34
