Wilmar’s slide continues as investors continue to avoid the share, seeking better value elsewhere. Management still haven’t formulate any new plans to revive the fortunes of the company. Can only rely on beating their drums on past achievements such as continued inclusion in the sustainability index.
No amount of insider buying would justify buying when the price is nearing its one year low of 2.915 which would likely happen. Buying at 3.07 and 3.08, slowed the slide a li...
No amount of insider buying would justify buying when the price is nearing its one year low of 2.915 which would likely happen. Buying at 3.07 and 3.08, slowed the slide a li...
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The numbers don’t lie. Wilmar has lost its lustre and investor in turn has abandon the stock, placing their money into better yielding stocks. There are still no plans given by the management to address the slide and regain the investor’s confidence. The silence from its management is deafening.
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Brace yourselves for further downward movemenr as Adani Group, Wilmar’s partner in India has bribery charges brought up in the US. Couple with the price unable to break the descending triangle pattern, it looks bad for Wilmar for the short term. No amount of insider buying can help the drop. Buckle your safety belt. It will be a bumpy ride down.
$Wilmar Intl (F34.SG)$
$Wilmar Intl (F34.SG)$
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Asset sold. Not sure if the liabilities will be parred down or the cash will be wasted once again on -ve value investments.
Not sure what is the management of the company is doing to turnaround the company. A delisting should be on the cards as the stock is off low liquidity and shouldnt be allow to raise anymore funds to dilute the MI further.
$Samko Timber (E6R.SG)$
$Samko Timber (E6R.SG)$
Any chance a delisitng petition can be started by minority shareholder? With such low volume, it doesn’t benefit the shareholders or company to continue having the company traded on SGX. it is just a waste of company’s money to pay the listing and compliance fee. Better off saving the cash and return it to the shareholders.
$Sanli Env (1E3.SG)$
$Sanli Env (1E3.SG)$
Another great call by the analyst….wilmar continues its downtrend
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Recommended by analyst as being ‘undervalued’ on 3 Nov 2023. Less than one month, the stock comes crashing down after company announcments. Not sure what these analyst are surviving on giving wrong calls after wrong calls for SGX stocks even STI index stocks… #thaibev #analystmissedcalls
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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.