$Wilmar Intl (F34.SG)$$SATS (S58.SG)$ it was not too long ag...
it was not too long ago that SATS traded at depressing valuations below $2.50 due to concerns over their future.
Wilmar is currently in that situation. however 3 things stand out for Wilmar.
1) Wilmar has already build up their infrastructure and sales distribution network
2) Wilmar has plantation land producing raw palm oil for export and can take advantage of higher CPO prices to sell into the market
3) Food prices in China is expected to go up in China as the festival season approaches and consumers spend products
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I like to identify cheap stocks which is under the radar for SIGNIFICANT UPSIDE and Gains
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Slow and steady earn : The worst is gone
ValueBull OP Slow and steady earn : exactly, the market sold down was stupid because people didn't bother to assess what's the ongoing situation in China and what's the price of palm oil now
Slow and steady earn ValueBull OP : A lot of people afraid of the volatility of US election so they chose to keep cash first
ValueBull OP Slow and steady earn : china will be announcing new stimulus in a few days, I expect sharp recovery back to 3.50
Trader No 103796387 ValueBull OP : Still a downtrend and forming a downward wedge. Unless it breaks upward, wilmar is not a buy.