The Wilmar Group is one of Asia's integrated agribusiness groups and is also a palm oil refiner in Asia.The Wilmar Group is primarily involved in palm oil and related business, with integrated business operations ranging from oil palm cultivation and milling to the refining, processing, branding, merchandising and distribution of a wide range of palm oil and lauric and related products.
Wilmar's products are delivered via a distribution network to more than 30 countries. It is a supplier to the Chinese, Indian, African as well as Middle Easten markets, with its products being sold in bulk to refiners, processors, wholesalers and retailers.
The share prices has shoot up to $6.93 before the release of 3RD Quarter result.
It has retreated from a high of $6.93 to $6.30.
Looking Forward Wilmar might stand to reap the positive benefit of better
Asian economies, especially China, India and Indonesia.
Growing demand for high quality processed agricultural and consumer products due to rising affluence & rapid urbanisation in China
Also Wilmar is well-positioned due to:
–Investment in core businesses and newer markets
–Emphasis on emerging markets
–Strong financial position
–Constantly looking out for attractive investment opportunities
The recent news of venturing into China property business has more or less affected people confidnece level why they are doing something that is not their main core of business.
It may be their long term moves to take advantages of China property boom.
The market has penalised this decision and the shares prices has been dropped substantially from $6 - $5.59
I think for long term is still a good opportunity to consider to accumulate some .
Any further price dropped below $5.50 provide a very good buying opportunity.
N.B.
(Invest at your own decision)
