$Wilmar Intl (F34.SG)$$Yihai Kerry Arawana Holdings (300999....
This could be the double bottom formation on the charts that the traders need to go for a big move.
At present, Wilmar has been shorted down indiscriminately. Big China stimulus to promote consumption will result in a power 4Q. This is important because Chinese New Year is in January next year and orders have to be front loaded a month earlier
All in, the dividend is likely to be unchanged and Wilmar will have more than enough free cash and profits to pay
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I like to identify cheap stocks which is under the radar for SIGNIFICANT UPSIDE and Gains
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MyWorld : Good Divide is the main reason I buy Wilmar.
ValueBull OP MyWorld : this dividend is conservative as borrowing cost is likely to decline going forward from rate cuts and China low interest rate environment
Trader No 103796387 : It’s not a double bottom forming, rather a descending triangle, if you use a higher time frame. The higher time frame is always a stronger indicator than shorter time frame.