$Wilmar Intl (F34.SG)$ is consolidating well at the 3.00-3.2...
$Wilmar Intl (F34.SG)$ is consolidating well at the 3.00-3.20 level. Key indicators to watch are the movement of palm oil and cane prices, in particular the former. Palm oil price is still sustained by India, whose economy is doing well. The key issue is China, which may take a while to pull off from its sluggish economy. When China starts to recover, Wilmar will recover strongly. Unless you don't believe in the recovery story of China, then don't touch Wilmar, and some other China-themed stocks and Reits.
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