Wilmar Intl

Friday night Wilmar has made the announcement that China Securities has accepted Wilmar subsidiary company - Yihai Kerry to list on Shenzen Stock Exchange


I think this is good news for investor and the company is able to unlock some value for shareholders.

The listing of new shares of about 10% may be offered during IPO.


Taking a look at the chart , Price has run up quite a bite from 3.20 to 3.83. Price is up 20-25© if we are using the base price of $3.00.

Price may have already factored into this IPO listing potential.


Nav $3.54.
PE 15X.

TA wise, is still on a Uptrend mode!
I think Monday may see a Gap up reaction to the listing of this IPO.

If it can re-conquer 3.83 smoothly plus good volume that may drive the price higher towards $4.00 then $4.20 with extension to $4.40.

Not a call to buy or sell.

Pls dyodd.