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Friday, October 29, 2021

Wilmar Intl

 Chart wise, still stuck in a consolidation mode!

Waiting for the next catalyst to drive the price higher!



3rd quarter results was out yesterday and net profit for the quarter to September rose 6 per cent to US$568.7 million. Its core net profit jumped by 15 per cent to a record high US$576.4 million.


XD 4TH August. Pay date 9 Sept.

Short term wise, I think a nice breakout of 4.45 level smoothly with good volume may likely drive the price higher towards 4.58 then 4.70 with extension to 4.83.


Not a call to buy or sell.

Pls dyodd.


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