Wilmar International

Descending triangle is a bearish reversal chart pattern



In technical analysis, a stock that has made a new low is one that must be treated with caution and to be avoided buying for longterm investment.

Wilmar: Why did it book credit interest, but not debit interest, from off-balance-sheet vehicles? ~ 4 Mar 2015

Wilmar (weekly) ~ Descending Triangle Breakout





Wilmar ~ Critical support @ 3.00 once broken, Wilmar is an outright SELL


Wilmar — The Elliott Wave Chart Pattern

European commission oks Wilmar JV with Fox Petrolifera for Italian biodiesel plant ~ 14 Sep 2015

Malaysia's August biodiesel exports fall 65% m-o-m from record high to 16,201 mt ~ 10 Sep 2015

Ex-Goldman banker Hsin Yue Yong joins Wilmar in dealmaking role ~ 9 Sep 2015

Indonesian officials resist movement to end deforestation for palm oil ~ 8 Sep 2015

PPB may declare higher final dividend ~ 7 Sep 2015

A victim of weaker Chinese rates and currencies; DB downgraded Wilmar to SELL TP S$2.00 ~ 4 Sep 2015

Zacks downgrades Wilmar to Hold ~ 4 Sep 2015

Asean top 100 tempt fate with 6-fold debt jump since '98 crisis ~ Wilmar, which grows oil palms, doubled to $22.4 billion since 2010, while net debt rose 20%. The jump was partly due to its expansion into the sugar industry, the company said by e-mail on Aug. 28, adding that revenue rose 42% over that time. ~ 1 Sep 2015

Wilmar: Shares pricing in risks, JPM rated "Overweight" TP S$3.20 ~ 27 Aug 2015

Wilmar: Skating on thin ice, Religare rated "SELL" TP S$2.27 ~ RELIGARE Institutional Research said on Thursday that Singapore-headquartered agribusiness group Wilmar International is skating on thin ice, and initiated coverage on it with a "sell" call and a target price of S$2.27. Wilmar's intense capital expenditure programme (US$6.5 billion over last five years) has delivered poor returns, Religare says. "Its core refining business is threatened by severe overcapacity and driven by volatile trading gains. At 14x enterprise value/earnings before interest, tax, depreciation; amortisation FY2015 forecast, Wilmar is overvalued for its risks." ~ 27 Aug 2015

Malaysia’s biodiesel exports in explosive growth ~ 14 Aug 2015

Wilmar: UOBKH maintained BUY TP S$3.60 ~ 11 Aug 2015

Wilmar's latest earnings: What investors should know ~ As of 30 Jun 2015, Wilmar had US$1.99 billion in cash and equivalents and US$22.5 billion in borrowings. This is a slight improvement from a year ago when the selfsame figures were US$2.24 billion and US$24.3 billion, respectively. ~ 6 Aug 2015

Wilmar to benefit from higher biodiesel blend requirement in Malaysia

Macquarie Research
28 Sep 2015

Wilmar share price

Despite starting last Friday in the negative territory, Wilmar rebounded quickly after the opening bell and traded to an intra-day high of $2.67. However, the stock didn’t manage to keep its gains and traded lower during the final minutes to finish unchanged at $2.64. This closing price is 9.5% below its 50-day moving average of $2.95 which may indicate short term weakness in its share price.

Wilmar has lost 18.5% of its share price since the beginning of July this year as palm oil prices fall to its lowest in more than five years. Despite a rebound in palm oil prices this month, Wilmar failed to recover much of its earlier losses amid a global selloff in equities.

According to a report from Macquarie Equities Research (MER) on 6 August, MER has a 12-month price target of S$3.15 for the food producer. This represents an 18% upside based on its closing price last Friday.

Higher biodiesel blends requirement

A report on Bloomberg last Thursday (24 September) mentioned that Malaysia is planning to raise the content of biodiesel in biodiesel blends by 3% (from 7% to 10%) and extend the 7% mandate to the industrial sector. This will benefit palm oil producers such as Wilmar, helping them to reduce their excess crude palm oil inventories. Elsewhere, India has also launched a 5% mandate in its biodiesel blend requirement.

However, car manufacturers including BMW and Mercedes Benz are against the idea of higher blends amid worries that higher blends might cause damage to their engines.

interesting, Wilmar to go into properties?
jus guessing

car park spots are worth $ in hongkong

Should the bearish Island Reversal chart pattern materialise; Wilmar is likely to break the long term support level @ S$2.20 and go much further down to hit a lower low @ S$2.05, sooner rather than later. (Comparing the similar situation of Wilmar's re-focusing on property with KepCorp's re-focusing on property; KepCorp's share price had retested the last low @ S$6.32 scored on 25 Aug 2015 and already hit a new low of S$6.20 yesterday, 14 Dec 2015.)

Wilmar eyeing some property projects after naming new COO ~ 15 Dec 2015

Wilmar falls after announcing management changes ~ 14 Dec 2015

Perennial Holdings ~ Old wine in a new bottle ~ 14 Dec 2015

Wilmar upgrades Olenex partnership to full-function JV ~ 11 Dec 2015

Flagging commodities demand casts shadow on Wilmar’s 2016 prospects ~ 7 Dec 2015

Wilmar: OCBC maintained "buy" TP S$3.27 ~ 7 Dec 2015

Wilmar: Religare initiated "sell" TP S$2.27 ~ 27 Aug 2015

Wilmar ~ Bearish Island Reversal, interim TP S$2.60, next TP S$2.20

Wilmar had a white marubozu and traded @ S$2.85 (+0.06, +2.2%) with 3.89m shares done on 15 Dec 2015 at 1300 hrs.

Immediate support @ S$2.77, immediate resistance @ S$2.86.

Wilmar ~ Bearish Diamond Top Breakout / Island Reversal, interim TP S$2.60, next TP S$2.20, expect a lower low @ S$2.05

Wilmar had a black marubozu and traded @ S$2.66 (-0.05, -1.8%) with 4.56m shares done on 15 Jan 2015 at 1525 hrs.

Immediate support @ S$2.65, immediate resistance @ S$2.77.