Trader No 103796387 OP tikam-tikam : Yup. Gone case. The buying up to 3.07 and 3.08 reaffirm the ascending triangle pattern. This graph was drawn in late October. The price is now at the later stages of the triangle. There’s a high change the big movement downwards will happen soon.

Trader No 103796387 Wall Street Raider : This is a reasonable entry point to confirm price has broken the descending triangle.

Trader No 103796387 OP BC_76 : Dividends of 12 cents is decent at the current price of 3.04 imputing a return of about 4%. However, I can generate similar returns of 3.5% risk placing it with Mari Bank. So there is no incentive for investors to risk their capital with wilmar. Yea, for investors who bought during the Adani IPO tough luck. Still a long road ahead and wish for a miracle.

Trader No 103796387 OP 103680587 : You can read my comments on your post. Insiders buying is not a strong indicator of the value of a stock. Top Gloves’ insiders were buying their shares at RM7, RM6, RM5 and all the way down. Does it mean the stock is reversing? If the only reason why the stock is being recommend as a buy is down to insider buying, it is not a strong reason and it is a very risky reason to be buying a stock.

Trader No 103796387 OP 103680587 : Wilmar insider has been buying since last year when the price was close to SGD4 and the price is now close to SGD3. This buying has been on-going for almost a year and yet the price keeps on sliding. How could the factor of insider buying be a big indicator that the stock is undervalued? Such trend of insider buying is an indication that the market sentiment for the stock is weak and insiders are doing it just to provide some respite to the stock being sold off by investors.
We are mainly retail investors with limited resources and can’t afford to gamble buying stocks with a single weak predictive/qualitative indicators.
You can provide your buy call based on insider buying factor. However, the numbers don’t lie. The stock is very weak and the insider buying isn’t sufficient to counter the analysis done by Yahoo Finance.

Trader No 103796387 FIRE Keith : CEO buying daily is not a strong indicator to buy. For example Top Gloves, the CEO and family kept buying the shares but it still fell from RM8 to less than RM1. If the share’s fundamentals have change, no amount of insider buying will have any impact on the share.

Trader No 103796387 FIRE Keith : Fundamentals for the non-financials, specifically Quality Management, Corporate Governance and Company Management. The Singapore management team under the guidance of Robert Kouk is very respectable and no doubt investors are willing to pay a premium for their brand name. It’s the foreign partners management quality which is being questions right now. Not only is the investors raising concern about their India partners but once a can of worms has been uncovered, their are also doubts on partners from other countries. Are there similar bribery concern?

Trader No 103796387 : Wilmar Adani is about 5% of Wilmar’s equity if my math is right which is very concerning. Any valuation used (growth in Indian market) would need to be scale back which will lower Wilmar’s FV share price.

Trader No 103796387 : Wilmar Unit Denies Involvement in Alleged China Palm Oil Fraud

Trader No 103796387 : There’s also the alleged fraud in China (Wilmar’s biggest market) earlier this year but has since died down. Too many news which is shaking investors confidence and there are no visible steps taken to address any of these concerns other than the standard press releases.

Trader No 103796387 : Can target even lower, fraud charges with Andani, Wilmar’s partners in India

Trader No 103796387 : Forming a downwards wedge. High chance of having a major price movement downward. Exit while you can.

Trader No 103796387 105421965 : Bad quarterly report….

Trader No 103796387 105421965 : Situation is getting bad with the bribery charges bought by the US onto Adani

Trader No 103796387 OP Qing2ming :

Trader No 103796387 : Don’t catch a falling knife. The descending triangle hasn’t been broken yet

Trader No 103796387 : Wilmar’s partners in India is facing fraud charges. Price dropping to 2.50 might be possible