Latest Forum Topics /
Wilmar Intl
Last:3.43
-0.06
|
|
|
Wilmar - Watch for a Strong Rally to Come!
|
|||||
|
Lucky03
Elite |
17-Jan-2014 00:36
|
||||
|
x 0
x 0 Alert Admin |
I'm sure the development below will have significant impact on the prospect of Renuka Sugar which Wilmar is known to be negotiating for a significant stake.
PUBLISHED JANUARY 16, 2014 India undecided on incentives for raw sugar exports PRINT |EMAIL THIS ARTICLE [NEW DELHI] India has failed to approve a scheme to promote raw sugar output for export as ministers remained split on Thursday over how best to help mills, trade and government officials said. Despite sitting on huge stocks of refined, or white, sugar, a global glut has made it difficult for mills in India - the world's second-biggest sugar producer - to export that variety. Indian mills traditionally sell little raw sugar abroad. A rise in sugar refining capacity in Asia and Africa has now given India an opportunity to export raws. But a group of ministers, at a meeting on Thursday, ended without agreement on any of three likely incentives to boost output and exports. |
||||
| Useful To Me Not Useful To Me | |||||
|
MetalTrader
Master |
16-Jan-2014 23:31
Yells: "Let Your Ignorance Be Shown Tomorrow! ~ PredictorX" |
||||
|
x 0
x 1 Alert Admin |
1) Wilmar (Track Record) 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) 27 Nov-    Market closed    $3.55 (3 point lower) 28 Nov-    Market closed    $3.58                         Forecast 28 Nov: Very weak pressure to move up & a big downfall is awaiting.                        Continued updating Prediction after taking a break... 3 Dec-      Market closed    $3.53. I forecasted a steep drop. 4 Dec-     Market closed    $3.50 5    Dec-     Market closed    $3.47 6    Dec-     Market closed    $3.48 Closed prediction on 8 Dec 24 Dec before market open-   Market was at $3.37.                I predicted that a          high uptrend remains unlikely, with only a bit uptrend while a downtrend remains likely.              24 Dec closing-    Market closed at    $3.39 (a bit uptrend fulfilled) ,    with a downtrend remains awaiting 26 Dec closing-    Market closed at    $3.40 27 Dec Closing-  Market closed at    $3.40 (without any movement)          30 Dec Closing-  Market closed at    $3.40 (without any movement)          Closed prediction on 30 Dec 12 Jan-  Market closed at $3.35  (Market proved to be realized downtrend as predicted- Fulfilled) 12 Jan-    Market was at $3.35.      I predicted the downtrend will continue.                 Out of my prediction, only 1 out of 3 tornadoes surfaced. There are 2 more tornadoes under current price of $3.35.                 Current price of $3.35 remains at high risk, whereby slowing economy & low commodity prices will continue to impact Wilmar price.                   The 2nd fall will be Wilmar reaching $3.25 point & below 13 Jan-    Market    closed at    $3.31. 14 Jan-      Market    closed at    $3.25.    (2nd fall reaching $3.25 realized)                 After market closed-    I predicted the 2nd Tornado had not been completed (Current price is still within 2nd Tornado Phrase), &     further downside ahead.                                                         When 3rd Tornado surfaced, it will be unthinkable. 15 Jan-    Market    closed at    $3.27. 16 Jan-    Market    closed at    $3.25. Prediction Ended |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Lucky03
Elite |
16-Jan-2014 21:34
|
||||
|
x 0
x 0 Alert Admin |
«Top News
Singapore shares ease, pressured by commodity firms Thu Jan 16, 2014 5:56am GMT Singapore, Jan 16 (Reuters) - Singapore shares edged down on Thursday despite robust U.S. data and upbeat earnings from Bank of America, while stocks of commodities firms fell on concerns about changing supply and demand dynamics. With the world's two largest economies in the midst of change, Maybank predicted that China's rebalancing of its economic growth model and the U.S. Federal Reserve stimulus tapering would affect the supply-and-demand dynamics of the commodity trading industry. "Against a fluid and changing backdrop, we value earnings visibility above growth outlook," Maybank said in a research note. "We prefer companies with clear catalysts and less likelihood of an earnings miss." Shares of Wilmar International Ltd fell 0.6 percent to S$3.25, while Noble Group Ltd and Olam International Ltd were down 0.5 percent to S$1.03 and 0.6 percent to S$1.54 respectively. Wilmar was Maybank's top sector pick with a "buy" rating and a target price of S$4.30, while Noble and Olam were both rated "hold". Bank of America Corp, the second-largest U.S. bank, showed signs of recovery after its quarterly profit surged by nearly $3 billion as revenue increased and mortgage losses plunged. The benchmark Straits Times Index edged down 0.1 percent to 3,140.42 points by 0545 GMT, while the MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.1 percent. Singapore telecommunications firm StarHub Ltd was the worst performer on the index, falling as much as 1.7 percent to a nearly one-month low at S$4.15, trading at 1.5 times its average 30-day full-day volume. |
||||
| Useful To Me Not Useful To Me | |||||
|
Lucky03
Elite |
16-Jan-2014 19:41
|
||||
|
x 0
x 0 Alert Admin |
Retailers' sales return to growth in southern Europe
Reuters - 14 mins ago By James Davey and Dominique Vidalon LONDON/PARIS (Reuters) - Sales at European retailers Carrefour (PAR:CA), Metro (GER:MEO) and Dixons Retail (LSE:DXNS) have returned to growth in southern Europe as consumers start spending again after years of economic turmoil, austerity and job losses. Europe's biggest retailer Carrefour said its sales in Spain grew in the fourth quarter for the first time since 2008, while French hypermarkets improved further, though at a slower pace than in the previous quarter. Dixons, the continent's No. 2 electricals retailer, saw sales at its Greek business, Kotsovolos, rise 3 percent in the November 1-January 4 period, driven by its wholesale business. However, sales at retail stores that have been open for more than a year fell 8 percent. "It's still quite tough in Greece and the market is still under pressure. We are beginning to see some evidence that it is flattening out," Chief Executive Sebastian James told reporters. "That business is going to come right." The euro zone debt crisis began in Greece in 2010, forcing Athens to take a bailout under which the European Union and IMF demanded deep budget cuts, sending unemployment soaring and provoking violent protests. As speculation swirled in 2012 that Greece could abandon the euro, Dixons stockpiled security shutters to protect its nearly 100 stores in the country. However, recent data suggests the economy is on the brink of a tentative recovery after a six-year recession, boosted by a rebound in tourism and rising investment and exports. Dixons, which has been benefiting from strong demand for tablet computers, has sold off units in Turkey and Italy, but plans to stick with Greece as it is the market leader there, although the country accounts for a small part of group sales. Shares in the British-based group were down about 4 percent by 1118 GMT after it gave a cautious outlook for the rest of the year, while Carrefour dipped 3 percent after the French retailer reported slowing growth in Brazil, its second-biggest market. IMPROVING MOOD Euro zone economic sentiment rose more than expected in December, as the mood improved in Spain and Italy more than in Germany and France, while industrial production rose in November at its fastest pace in nearly four years. The southern periphery, where the crisis erased tens of thousands of jobs, saw some improvement as Spain's output returned to growth and Portugal's production rose 1.5 percent. Metro AG (GER:MEO), Europe's fourth-biggest retailer, said on Monday sales had grown slightly at its cash and carry businesses in Spain and Italy although like-for-like sales fell in its home market Germany. Carrefour said quarterly sales rose 0.2 percent like-for-like in its third-largest market Spain, but the economic climate was still tough in Italy where they were down 5.9 percent. Retailers across Europe have been struggling as shoppers' disposable income has been squeezed by subdued wage growth and the government austerity measures. Carrefour has also been hurt by reliance on the hypermarket format it pioneered, as time-pressed customers shop more locally and online, and buy non-food goods from specialists. On Tuesday, Carrefour's smaller French rival Casino (CASP.PA) said it expected sales at its domestic hypermarkets to return to growth in the next six months as it would reap the full benefits of earlier price cuts. However, grocer Ahold (AHLN.AS) reported a steeper-than-expected decline in fourth-quarter sales as the U.S. food market contracted and customers spent less in its Dutch home market, dragging its shares down 3.5 percent. (Writing by Emma Thomasson editing by David Stamp) |
||||
| Useful To Me Not Useful To Me | |||||
|
MetalTrader
Master |
16-Jan-2014 10:46
Yells: "Let Your Ignorance Be Shown Tomorrow! ~ PredictorX" |
||||
|
x 0
x 1 Alert Admin |
1) Wilmar (Track Record) 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) 27 Nov-  Market closed  $3.55 (3 point lower) 28 Nov-  Market closed  $3.58                       Forecast 28 Nov: Very weak pressure to move up & a big downfall is awaiting.                      Continued updating Prediction after taking a break... 3 Dec-    Market closed  $3.53. I forecasted a steep drop. 4 Dec-   Market closed  $3.50 5  Dec-   Market closed  $3.47 6  Dec-   Market closed  $3.48 Closed prediction on 8 Dec 24 Dec before market open-   Market was at $3.37.              I predicted that a        high uptrend remains unlikely, with only a bit uptrend while a downtrend remains likely.            24 Dec closing-  Market closed at  $3.39 (a bit uptrend fulfilled) ,  with a downtrend remains awaiting 26 Dec closing-  Market closed at  $3.40 27 Dec Closing- Market closed at  $3.40 (without any movement)        30 Dec Closing- Market closed at  $3.40 (without any movement)        Closed prediction on 30 Dec 12 Jan- Market closed at $3.35  (Market proved to be realized downtrend as predicted- Fulfilled) 12 Jan-  Market was at $3.35.    I predicted the downtrend will continue.                 Out of my prediction, only 1 out of 3 tornadoes surfaced. There are 2 more tornadoes under current price of $3.35.                 Current price of $3.35 remains at high risk, whereby slowing economy & low commodity prices will continue to impact Wilmar price.                 The 2nd fall will be Wilmar reaching $3.25 point & below 13 Jan-  Market  closed at  $3.31. 14 Jan-    Market  closed at  $3.25.  (2nd fall reaching $3.25 realized)                 After market closed-  I predicted the 2nd Tornado had not been completed (Current price is still within 2nd Tornado Phrase), &   further downside ahead.                                                         When 3rd Tornado surfaced, it will be unthinkable. 15 Jan-  Market  closed at  $3.27. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
guoyanyunyan
Supreme |
16-Jan-2014 10:38
|
||||
|
x 0
x 0 Alert Admin |
Commodity Traders - In a state of fluxhttp://sgx.i3investor.com/blogs/sgxstockwarrant/13882.jsp 2014 looks set to be a year of transformation for commodity traders, with demand from China slowing and a stronger USD coming into play. Maintain Neutral. The winners could be companies with little or no exposure to hard commodities, fewer upstream plantations or mining operations, stronger balance sheets and lower cost of debt. Wilmar fits the profile and is our top pick in the sector. Reiterate BUY and TP of SGD4.30. Changing global landscape, maintain NeutralThe world?s two largest economies are in the midst of change. China is making efforts to rebalance its economic growth model, while in the US, the Federal Reserve is tapering its quantitative easing programme. In our view, these two events could significantly transform the supply and demand dynamics of the commodity trading industry in 2014 and perhaps reshape its global landscape. We also expect commodity prices to remain under pressure on sluggish demand and rising USD. We therefore reiterate our Neutral stance on the sector and recommend companies that stand to benefit from new developments and have better earnings visibility and stronger balance sheets. Wilmar is our top pick, rated BUY (TP SGD4.30), while Noble (TP SGD1.07) and Olam (TP SGD1.57) are both rated HOLD. Stock selection criteriaAgainst a fluid and changing backdrop, we value earnings visibility above growth outlook. Given the bigger cloud of uncertainty overhanging the industry this year, companies with little or no exposure to hard commodities, fewer upstream plantations or mining operations, stronger balance sheets and lower cost of debt could emerge as winners. Simply put, we prefer companies with clear catalysts and less likelihood of an earnings miss. Stock picksWe prefer Wilmar to either Noble or Olam because of its superior earnings visibility and clear catalysts. Moreover, its balance sheet is strong and its cost of debt, the lowest among the trio, making it the least vulnerable to a shrinking global liquidity and rising cost of debt |
||||
| Useful To Me Not Useful To Me | |||||
|
Lucky03
Elite |
16-Jan-2014 08:59
|
||||
|
x 0
x 0 Alert Admin |
Don't short this stock. The return, if any will not be worth the risk
|
||||
| Useful To Me Not Useful To Me | |||||
|
gold123
Member |
16-Jan-2014 08:14
|
||||
|
x 0
x 0 Alert Admin |
heading down 
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Lucky03
Elite |
16-Jan-2014 07:28
|
||||
|
x 0
x 0 Alert Admin |
Commodity prices will recover with increased consumption as global economies recover.
PUBLISHED JANUARY 16, 2014 World Bank projects smooth global recovery Global GDP growth will strengthen from 2.4% in 2013 to 3.2% this year BY ANTHONY ROWLEY IN TOKYOPRINT |EMAIL THIS ARTICLE THE global economy, says the World Bank, is on course for a smooth recovery in 2014 as advanced economies that have healed from the wounds of the global financial crisis gain speed and pull along emerging economies that have slowed. But things could turn out very differently, the Bank says in its latest Global Economic Prospects report published yesterday, if monetary "tapering" by the US Federal Reserve meets with "abrupt market adjustment". Then, emerging economies in Asia and elsewhere could suffer severe shocks. The report takes the more benign outlook as its "baseline" scenario and suggests that global GDP growth will firm from 2.4 per cent in 2013 to 3.2 per cent this year, stabilising at 3.4 per cent and 3.5 per cent in 2015 and 2016, respectively. For the first time in five years, said World Bank chief economist Kaushik Basu, "there are indications that a self-sustaining recovery has begun among high-income countries, suggesting they may join developing countries as an engine of growth in the global economy". |
||||
| Useful To Me Not Useful To Me | |||||
|
MetalTrader
Master |
15-Jan-2014 11:14
Yells: "Let Your Ignorance Be Shown Tomorrow! ~ PredictorX" |
||||
|
x 0
x 0 Alert Admin |
I don't short, I only do usual trading. Just watching tornadoes :)
|
||||
| Useful To Me Not Useful To Me | |||||
|
Juzztrade
Master |
15-Jan-2014 10:49
Yells: "Techincal and long term investor" |
||||
|
x 0
x 0 Alert Admin |
|||||
| Useful To Me Not Useful To Me | |||||
|
GorgeousOng
Supreme |
15-Jan-2014 10:45
Yells: "Hehehaha...enjoy life n live to the fullest..." |
||||
|
x 0
x 0 Alert Admin |
Metal...Metal..., One more wave of shorting? Cheers!!! |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Lucky03
Elite |
15-Jan-2014 01:03
|
||||
|
x 0
x 0 Alert Admin |
Renuka Sugars was trading at Rs 30 a year ago and more than Rs 100 in 2010 when it went on an acquisition trail in Brazil, the largest sugar production nation. The last 3 yrs of softness in commodities prices has battered Renuka Sugars hard and given Wilmar a golden opportunity to take a significant stake with access to both India and Brazil markets. Renuka Sugars was planning to divest its Brazil investment initially but Wilmar indicated interest in offering financing through acquiring a stake in Renuka Sugars itself while keeping the Brazil investment. That's an ideal arrangement and may not be unfair to offer Rs 30 per share now. Renuka Sugars will be able to better restructure its debts and obtain better terms that may ultimately improve its bottomline and works toward returning it to profitability esp if commodity prices recovers. | ||||
| Useful To Me Not Useful To Me | |||||
|
MetalTrader
Master |
15-Jan-2014 00:21
Yells: "Let Your Ignorance Be Shown Tomorrow! ~ PredictorX" |
||||
|
x 0
x 0 Alert Admin |
It seems like someone is doubting the tornadoes. Look like you haven't finish a clean job, i will be waiting for your good news Tornadoes :) |
||||
| Useful To Me Not Useful To Me | |||||
|
Lucky03
Elite |
15-Jan-2014 00:19
|
||||
|
x 0
x 0 Alert Admin |
Wilmar is on the way to becoming the world's largest palm oil AND sugar firm. | ||||
| Useful To Me Not Useful To Me | |||||
|
Lucky03
Elite |
14-Jan-2014 23:55
|
||||
|
x 0
x 0 Alert Admin |
If the price drops is due to the deal, it will be a short term reaction but a mid-long term opportunity to pick up Wilmar anticipating global commodity price recovery that will ride on the anticipated Europe emerging from 3yrs of recession.
I wonder why many of the young analysts these days reckon that you can buy a functional company for a steal at near or below last traded per share price when you want to gain their market share and derive synergy to emerge as a bigger global player ! ET Home?Markets?Commodities MUMBAI: Singapore-based agribusiness major Wilmar International is close to finalising an agreement to buy up to 25% stake in India's largest sugar refiner Shree Renuka Sugars, said three persons with direct knowledge of the transaction. The Murkumbi family promoted company will issue fresh shares to Wilmar, and the deal is likely to be finalised at a price between Rs 30 and Rs 33 per share, they said. Renuka Sugars' top executives, including vice chairman and managing director Narendra Murkumbi recently met the top management of Wilmar in Singapore to iron out the last-minute glitches, said one of the persons quoted above. "Both parties will shake hands very soon. The deal is being finalised in such a way that the Murkumbi family will retain control of the company. It is more or less like the original Diageo-UB group deal," the person added. Shree Renuka Sugars and Wilmar did not respond to ET queries on the subject. Fresh issue of shares equivalent to 25% of Renuka's capital at Rs 33 per share values the company at Rs 2,900 crore. The company's shares fell around 3.95% to close at Rs 20.60 a share on Friday at the Bombay Stock Exchange. Post the transaction, the Murkumbi family's stake is expected to come down by 8% from 38.36%. The deal will help Renuka cut debt of Rs 8,477 crore arising out of expensive acquisitions in Brazil in 2010. Renuka reported a loss of Rs 374 crore in year ended March 31, 2013. Its standalone losses were Rs 184 crore in the first six months ended September 30, 2013. "The induction of a foreign partner will provide financial and business strength to Shree Renuka to handle the volatilities of the commodity business. Secondly, it will give a comfort to bankers to restructure debts," said a sugar sector analyst who does not want to be quoted. If the transaction materialises, palm oil giant Wilmar, which is seeking to grow its sugar business, will get a major toehold in two main markets ? India and Brazil. Renuka tried to sell the units in Brazil, but dropped the idea after Wilmar showed interest in the company. Its mounting losses also made such a deal inevitable, industry experts said. |
||||
| Useful To Me Not Useful To Me | |||||
|
MetalTrader
Master |
14-Jan-2014 23:39
Yells: "Let Your Ignorance Be Shown Tomorrow! ~ PredictorX" |
||||
|
x 0
x 0 Alert Admin |
Finally, the 3rd Tornado has a chance to prove itself in the stock market.  But it needs to wait for its turn after 2nd Tornado completion. I hope it won't be too soon :( |
||||
| Useful To Me Not Useful To Me | |||||
|
MetalTrader
Master |
14-Jan-2014 23:01
Yells: "Let Your Ignorance Be Shown Tomorrow! ~ PredictorX" |
||||
|
x 0
x 1 Alert Admin |
1) Wilmar (Track Record) 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) 27 Nov-                            Market closed                            $3.55         (3 point lower) 28 Nov-                            Market closed                            $3.58                     Forecast 28 Nov: Very weak pressure to move up & a big downfall is awaiting.                    Continued updating Prediction after taking a break... 3 Dec-                Market closed                  $3.53. I forecasted a steep drop. 4 Dec-                 Market closed                  $3.50 5              Dec-             Market closed                  $3.47 6              Dec-             Market closed                  $3.48 Closed prediction on 8 Dec 24 Dec before market open-   Market was at $3.37.            I predicted that a      high uptrend remains unlikely, with only a bit uptrend while a downtrend remains likely.          24 Dec closing-      Market closed at          $3.39 (a bit uptrend fulfilled) ,          with a downtrend remains awaiting 26 Dec closing-      Market closed at          $3.40 27 Dec Closing-       Market closed at          $3.40 (without any movement)      30 Dec Closing-       Market closed at          $3.40 (without any movement)      Closed prediction on 30 Dec 12 Jan-       Market closed at $3.35  (Market proved to be realized downtrend as predicted- Fulfilled) 12 Jan-        Market was at $3.35.      I predicted the downtrend will continue.                   Out of my prediction, only 1 out of 3 tornadoes surfaced. There are 2 more tornadoes under current price of $3.35.                   Current price of $3.35 remains at high risk, whereby slowing economy & low commodity prices will continue to impact Wilmar price.                       The 2nd fall will be Wilmar reaching $3.25 point & below 13 Jan-        Market      closed at    $3.31. 14 Jan-        Market      closed at    $3.25. (2nd fall reaching $3.25 realized)                     After market closed- I predicted the 2nd Tornado had not been completed (Current price is still within 2nd Tornado Phrase), & further downside ahead.                                                             When 3rd Tornado surfaced, it will be unthinkable.           |
||||
| Useful To Me Not Useful To Me | |||||
|
Lucky03
Elite |
14-Jan-2014 22:58
|
||||
|
x 0
x 0 Alert Admin |
Wilmar is a cyclical stock. It may drop further but it can also bounce back just as quick. None of us can influence the palm oil price and as long as it has its use, it is elastic and the price will ultimately recover with demand. It is not easy to catch its low and 3.19 is not too far away from closing price of 3.25. Worst case is near 3.05 low of last 2 yrs when it will bounce off swiftly back up from there. The last time it hits 2.80 was about 2009 and that has much to do with macro factors. Can't imagine any scenario for that to happen today unless Wilmar screwed up BIG TIME but their bosses are very shrewd and very matured and experienced businessmen that we should be able to count on. With Europe economy on the path to recovery from near 3 yrs of recession, their recovery will definitely a positive factor for recovery in commodity prices and global trade volume. Plan ahead and not fear temporary setback and if timing is right, seize it. | ||||
| Useful To Me Not Useful To Me | |||||
|
MetalTrader
Master |
14-Jan-2014 22:54
Yells: "Let Your Ignorance Be Shown Tomorrow! ~ PredictorX" |
||||
|
x 0
x 0 Alert Admin |
Thank You. There will always be a sky higher another :)
|
||||
| Useful To Me Not Useful To Me | |||||

