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SGX listcos with Indonesia exposure stay resilient amid market meltdown

But analysts raise caution over equities with emerging market exposure

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Mia Pei

Mia Pei

Published Thu, Mar 20, 2025 · 06:44 PM
    • Wilmar has logged a net institutional inflow of S$51.1 million in the year to date – the sixth highest in the entire SGX market.
    • Wilmar has logged a net institutional inflow of S$51.1 million in the year to date – the sixth highest in the entire SGX market. PHOTO: BT FILE

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    [SINGAPORE] While a market meltdown in Indonesia has rattled investor confidence, Singapore-listed companies with sizable exposure to the country have been shielded from the impact.

    Singapore Exchange (SGX) market strategist Geoff Howie noted that major agri-commodity plantation companies such as Wilmar International and Golden Agri-Resources have remained resilient, with no significant institutional outflows from the sector since the start of 2025.

    The SGX-listed agri-players, he said, have delivered a “relatively defensive” performance so far this year, compared to last year.

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    SGXIndonesiaSingapore stock marketSingapore StocksGolden Agri-ResourcesOlamwilmar internationalfirst resourcesAgriculture/Farming

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