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Sunday, December 31, 2017

Wilmar Intl

Wilmar Intl - After hitting the high of $3.42 on 3rd Nov 2017, it has since corrected sharply and continue to go down to touch $3.06 on 20th Dec 2017. This is rather bearish!

The support at $3.08 seems to be tested at several occasion, price is now trading slightly above this support line at $3.09.



With a NAV of $3.305, Rolling PE is about PE 10+ seems rather oversold.

I think good value is presenting for this commodity counter that is still giving out a dividend yield of 2%.

I might be looking to add if it drops further to $3.00 and below.

Given time, I think it may likely rise towards $3.20 then $3.31.

Not a call to buy or sell.
dyodd.
( trade base on your own decision)

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