The current price of 3.04 is staying below its 20,50,100 & 200 days moving average. This is generally negative and further weakness of the share price is highly possible.
The same chart patterns has been repeating itself. As can be seen from the chart, Distribution happen after the share price has risen towards 3.25 to 3.30 area. The selling off would usually happen with a few bearish wide candlestick to drive the price lower.
Once the Demand/Accumulation start to come in, you would be able to see a long white candlestick with a surge in price + volume. This would be a good entry opportunity.
Let's wait and see if demand/accumulation would happen again at 2.97-2.99 area.
I am waiting to see if the same chart pattern would be replaying again!
NAV $3.42
Dividend of 10 cents , yield is about 3.2%
Total revenue and Net income seem to have increased from year 2014 as compared to 2018.
Same goes for dividend.
Not a call to sell or buy.
Pls dyodd.
Wilmar International Limited operates as an agribusiness company in the People’s Republic of China and internationally. The company operates through four segments: Tropical Oils, Oilseeds and Grains, Sugar, and Others. It engages in the oil palm cultivation, harvesting, and milling activities that primarily provide crude palm oil and palm kernel; and milling of fresh palm fruit bunches. As of December 31, 2017, the company owned an oil palm plantation covering an area of 239,935 hectares in Indonesia, East Malaysia, and Africa. It is also involved in processing, merchandising, branding, and distributing palm oil and laurics related products, including oleochemicals and biodiesel; and oilseed products, such as soybean, rapeseed, groundnut, sunflower seed, sesame seed, cottonseed, canola, corn, and rice bran oil and meal products, as well as rice, flour, wheat bran meal, and bran and pollard to distributors, wholesalers, feed millers, industrial users, and retailers. In addition, the company produces and markets edible oil, rice, flour, grains, and noodles to traditional retail outlets, supermarkets, convenience stores, and hypermarts under its own brands. Further, it engages in milling, refining, merchandising, branding, and distributing white sugar, brown sugar, caster sugar, and syrups in bulk and packaged forms; the generation and sale of electricity; the manufacture and sale of bioethanol, as well as nitrogen, phosphorus, and potassium compound fertilizers; and the distribution of a range of chemicals and ingredients, as well as in ship-owning, chartering, brokering, and management activities. The company was founded in 1991 and is headquartered in Singapore.
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