Wilmar

column break

I wish you luck.... but don't you think it's too early still to get into Wilmar? It has not traded sideways long enough at this $3.01-level.

And the TPs of ang mo analyts @ JP Morgan & HSBC are not encouraging ... they are around $2.80 at book value....click
Target Prices (SG)
[hr]
[Kiasi 11-09-2012]:
I decided to vest Wilmar at 3.01 when I observed, at length, that there r almost 6 mil lot buy at 3.0 n only 600 shares selling at 3.01. Hence,i pick this stock. Think there is solid support at 3 n everything had been factored in de stock price. Wish me good luck. Thank you.

Tks K2. You may be right but I was trying to catch the expected China stimulus here. Also think there are some BB or instituitions picking up the shares at this price. They are the ones analysts usually help .... Thanks again.

Be patient wih Wilmar, sure we can buy it below $3.
now buy also gain not much.
 
Take note of Sarin today,, may chiong!!

Wilmar eating its own cooking, bought back 7,388,000 shares.
 

I would go deeper  and ask what led to the buyback which cost about S$22 million.

Possibilities:

a. Boss really angry at market selldown.

b. Boss want to teach the shortists a lesson.

c. Boss wants to break the psychological stranglehold of negative sentiment.

As you can see, sometimes the share buyback may not have a connection with the business fundamentals. It's buying for a reason such as a, b, and c above. I don't about Wilmar's case but what I am saying is Time Will Tell what business fundamentals are. Just have to wait for the next quarter's results.
[hr]
[Kiasu-squared 13-09-2012]:

Wilmar eating its own cooking, bought back 7,388,000 shares.