tag:blogger.com,1999:blog-7944902213075756335.post3739263068547868076..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): Wilmar: Should we be buying?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-7944902213075756335.post-31665205483362329362012-09-14T15:33:36.741+08:002012-09-14T15:33:36.741+08:00Shares of Wilmar International jumped to the highe...<i>Shares of Wilmar International jumped to the highest in more than two weeks after the palm oil firm launched its first-ever share buyback and the U.S. Federal Reserve stimulus sparked a rally in commodities stocks.<br /> <br />Wilmar said on Thursday it had repurchased 7.4 million shares from the open market, representing 0.115% of outstanding shares, at $3.00 each.<br /><br />“The buyback is AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-90684314809037348372012-09-13T11:45:41.063+08:002012-09-13T11:45:41.063+08:00Hi Ray,
Mr. Market will do what Mr. Market does. ...Hi Ray,<br /><br />Mr. Market will do what Mr. Market does. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-24087476907930176902012-09-13T09:09:22.044+08:002012-09-13T09:09:22.044+08:00Bad news.... Wilmar broke the $3 support.Bad news.... Wilmar broke the $3 support.Rayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-12996462571196899132012-09-04T13:11:54.359+08:002012-09-04T13:11:54.359+08:00Hi meesiam,
For years, I have avoided investing i...Hi meesiam,<br /><br />For years, I have avoided investing in Wilmar, Noble and Olam as I found their debt levels daunting. <br /><br />The decision to invest in Wilmar a few months ago was a bad one. Now, I just have to make the best of a bad decision.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-25264622811208629002012-09-03T21:34:45.504+08:002012-09-03T21:34:45.504+08:00I see their cash as well as debt level. Be frank, ...I see their cash as well as debt level. Be frank, not quite comfortable despite the chart say the otherwisemeesiamhttps://www.blogger.com/profile/11145280014164616438noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-70782695007242886442012-08-30T14:51:34.573+08:002012-08-30T14:51:34.573+08:00Hi Ray,
Wilmar's PE has always been amongst t...Hi Ray,<br /><br />Wilmar's PE has always been amongst the highest. Even in the doldrums, its PE will stay relatively high. <br /><br />If we were value investors, we wouldn't touch Wilmar with a 5 feet pole. ;)<br /><br />The CEO has issued fair warning that its crushing business in China remains challenging. We have to remember that this is not the be all and end all for Wilmar.<br /><AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-42771743519504752572012-08-30T14:02:35.087+08:002012-08-30T14:02:35.087+08:00For now. but with the economy in china not doing s...For now. but with the economy in china not doing so hot now and Wilmar's immediate future being "challenging", wouldn't it take just another release of underachieving financials to send the prices further south? Many analysts are also talking abt its PE multiple being too high right now to justify for its poor profits.<br />Rayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48143176689801390952012-08-30T13:50:42.965+08:002012-08-30T13:50:42.965+08:00Hi Ray,
Could Wilmar's shares get cheaper? Th...Hi Ray,<br /><br />Could Wilmar's shares get cheaper? They could get cheaper. How much cheaper? Your guess is as good as mine.<br /><br />Now, I rely on my own TA which I have shared here. It does not look like price is going up anytime soon but it is probably near a floor, if not the bottom.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-38318618154038703692012-08-30T13:26:32.909+08:002012-08-30T13:26:32.909+08:00Hi AK,
I know you do read analyst's reports (...Hi AK,<br /><br />I know you do read analyst's reports (although following their calls is a different thing), so if everyone thinks Wilmar's shares will go lower than right now and China's equity market is currently really doing badly, ever thought of selling now and cut loss? And collect it cheaper when (not if) it drops below $3?<br />It may not drop that low but, but very very Rayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-36984903374381828672012-08-29T17:15:58.166+08:002012-08-29T17:15:58.166+08:00Hi RayNg,
A good dose of luck will not hurt, for ...Hi RayNg,<br /><br />A good dose of luck will not hurt, for sure. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83409706623485609762012-08-29T16:41:43.859+08:002012-08-29T16:41:43.859+08:00Luck???
Wilmar 'needs a dose of good luck'...Luck???<br /><br />Wilmar 'needs a dose of good luck'<br /><br />Stock falls to three-year low but chief upbeat on prospects<br /><br />Published on Aug 16, 2012 ST<br />RayNghttps://www.blogger.com/profile/06085987573946040792noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59890384021341084202012-08-29T14:19:42.092+08:002012-08-29T14:19:42.092+08:00Hi Ray,
If you check the literature, when prices ...Hi Ray,<br /><br />If you check the literature, when prices rise in spite of bad news, that is an early sign of a reversal in a bear market.<br /><br />I first learned about this reading the column by Michael Kahn in The EDGE a few years ago. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-73797099116312930012012-08-29T11:57:35.684+08:002012-08-29T11:57:35.684+08:00"prices rise in spite of bad news"
I th..."prices rise in spite of bad news"<br /><br />I think that's called a bubble . :)Rayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-24613512160439988972012-08-29T11:21:48.581+08:002012-08-29T11:21:48.581+08:00Hi Ray,
Indeed. It is when prices rise in spite o...Hi Ray,<br /><br />Indeed. It is when prices rise in spite of bad news that things get interesting for the bulls. I will look out for that. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71898239508366027842012-08-29T11:13:04.896+08:002012-08-29T11:13:04.896+08:00Do we anticipate an improve in their profits anyti...Do we anticipate an improve in their profits anytime soon?<br />WIth their chairman himself admitting to "challenging times" ahead, I suspect the answer is no. <br /><br />Chances are the next release of financial numbers would miss targets and then the price will tumble further.<br />An FA led selling pressure will burst any kind of TA support. <br /><br />Just look at the the recent Rayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59524401116282583862012-08-28T23:17:35.673+08:002012-08-28T23:17:35.673+08:00Hi FoodieFC,
Oh, definitely. There are always two...Hi FoodieFC,<br /><br />Oh, definitely. There are always two sides to a coin. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-25732699975844699222012-08-28T22:54:02.819+08:002012-08-28T22:54:02.819+08:00Well, look on the bright side when it goes down, i...Well, look on the bright side when it goes down, it can also go up. A half filled cup is either half empty or half full. Its a personal perspective. FoodieFChttps://www.blogger.com/profile/11205055536110127445noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-62032264441932530452012-08-28T22:31:05.133+08:002012-08-28T22:31:05.133+08:00Hi B,
It is hard to guess what Mr. Market is goin...Hi B,<br /><br />It is hard to guess what Mr. Market is going to do next. We can only trust our own analyses and hope for the best results. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-7447196149981445232012-08-28T22:03:59.408+08:002012-08-28T22:03:59.408+08:00I suppose it will trade in a range now with 3.04 a...I suppose it will trade in a range now with 3.04 as a support. If it doesnt break 3.04 within the next week, then think Wilmar share price has bottomed,though NAV is still way below the current price.<br /><br />BBhttps://www.blogger.com/profile/09041255778427742477noreply@blogger.com