
19 Nov Afternoon- Market was at $3.63. I boldy predicted Wilmar will fall below $3.63, from this speculative price, in which shareholders only bought at $3, and anything above $3.15 is a speculative amount. Market closed at $3.62. [I warned that market momentum moving well far $3, and into speculative price of $3.15. The market is bound to suffer a major drop in weeks to come despite naive people insisted on uptrend]
20 Nov- Market fall to $3.52. (The first fall and significant losses of $0.11)
On 20 Nov closing: I predicted that there will be several downfalls beneath $3.52. The downfall will continue with a bigger drop awaiting.
21 Nov- Market fall to $3.48
22 Nov- Market rises to $3.55
23 & 24 Nov- I foresee several tornadoes below the " current speculated price" , & dark clouds awaiting.
The downtrend is gathering significant speculated buyers, before it move downwards significantly.
25 Nov- Market closed $3..59 I saw a very high risk at current level.
26 Nov- Market closed $3..58 (a point lower)
Wilmar Financial Data
According to Bloomberg, Current Price/Book 1.2476
26 Sep- Term Loan increased from US1.5 Billion to US2.065 Billion + Interests
11 Jul- Term Loan of US1.5 Billion
(Within 2 months - Debts increased another US 565 Millions + Interests!!!)
What do you think Wilmar is worth?
ynnek1267 ( Date: 26-Nov-2013 21:15) Posted:
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guoyanyunyan ( Date: 26-Nov-2013 21:13) Posted:
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lglg666 ( Date: 26-Nov-2013 20:00) Posted:
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Wilmar: Forms China corn starch JV
By Carey Wong
Tue, 26 Nov 2013, 10:28:56 SGT
Wilmar International Limited (WIL) recently announced that it has formed a JV with Tereos Internacional to manufacture corn starch in China ? this is its second commercial collaboration with Tereos. However, we do not see any immediate boost to earnings. Meanwhile, we note that WIL?s share price has done very well (+17%) since our upgrade to Buy on 6 Sep but as WIL looks fairly priced around current levels versus unchanged S$3.55 fair value (based on 12.5x FY14F EPS), we opt to maintain our HOLD rating. We also advocate taking profit closer to S$3.70.
Forms China corn starch JV
Wilmar recently announced that it has formed a JV with Tereos Internacional called Liaoning Yihai Kerry Tereos Starch Technology Co Ltd. The move will see Tereos acquiring 49% of the JV company from WIL?s subsidiary for RMB208m the JV will engage in the operation of a corn starch facility in Tieling (Liaoning Province) with a current annual processing capacity of 700k tons of corn. According to WIL, the acquisition marks the second important step in the development of the major partnership with Tereos in the rapidly growing market for starch-based products in China. However, we do not see any immediate impact on earnings.
Shares already ran up sharply
Meanwhile, the recent recovery in CPO (crude palm oil) prices has lifted plantation stocks (WIL rose as much as 17% after our upgrade to Buy on 6 Sep), but we believe that some of these optimism may be overdone. For one, WIL is still a net buyer of vegetable oil (including CPO) and a continued rise of input prices could result in a margin squeeze for its consumer packs. Note that because cooking oil is an essential food item, it may also be subject to price caps should inflation in China rises faster than the government?s guidance. Secondly, the enthusiasm over the Indonesian government?s doubling of the bio-diesel mandate to 10% blend may be a bit premature. A recent Platts report suggested that the Pertamina tender may not offer as fat a profit margin as what the market is expecting.
Maintain HOLD with S$3.55 fair value
Currently, WIL is trading close to our unchanged fair value of S$3.55 (based on 12.5x FY14F EPS), suggesting that the stock looks fairly priced around here. From a historical perspective, we see that WIL?s valuation is already close to its 2-year average. Hence, we opt to maintain our HOLDrating. We also advocate taking profit closer to S$3.70. Last: $3.58.
ynnek1267 ( Date: 26-Nov-2013 18:34) Posted:
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Wish me all the best in today US market. Playing US share don't require cfd, the movement is enough for 1 to 1 leverage. Not like Wilmar can be 1 to 10, therefore causing all people play Wilmar with cfd, movement slow like tortoise since it take much longer time to flush out weak holder.
lglg666 ( Date: 26-Nov-2013 18:16) Posted:
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ynnek1267 ( Date: 26-Nov-2013 17:48) Posted:
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I just can't monitor whole day and catch every single up & down. What I can do is to keep it till it break 4 dollar.
Wish you catch all the up & down in the Wilmar rally in next 3 months.
lglg666 ( Date: 26-Nov-2013 17:27) Posted:
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ynnek1267 ( Date: 26-Nov-2013 11:46) Posted:
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rayyeo ( Date: 26-Nov-2013 17:18) Posted:
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Octavia ( Date: 26-Nov-2013 12:18) Posted:
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Confirmed bro..!
I met Robert Kuok in my dream yesterday, he say no above $4.00, no sell.
ynnek1267 ( Date: 26-Nov-2013 17:15) Posted:
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looks like the commodities rally still have leggs.....surely it is volatile in the short term..prices go up and down...just keep your eyes on CPO prices and fundamentals affecting it.....Don't focus on the stock prices...so long uptrend is intact..just hang on...and Both FA and TA are just getting better.
cheers,
Jason at http://myfcoach.com/ and http://millionaire-investors.blogspot.sg/
myfcoach ( Date: 19-Nov-2013 18:58) Posted:
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Dont mention it,Sista Gorgeuous.

GorgeousOng ( Date: 26-Nov-2013 12:21) Posted:
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Thank you Sista !!!
Octavia ( Date: 26-Nov-2013 12:18) Posted:
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