Thursday, August 3, 2017

WILMAR INTL (F34)



WILMAR INTL (F34)                                                                  Date:02/08/2017


Company Discription

Wilmar International Limited operates as an agribusiness company in the People’s Republic of China and internationally. The company operates through four segments: Tropical Oils, Oilseeds and Grains, Sugar, and Others. It engages in the oil palm cultivation, harvesting, and milling activities that primarily provide crude palm oil and palm kernel; and milling of fresh palm fruit bunches. As of December 31, 2016, the company owned an oil palm plantation covering an area of 241,892 hectares in Indonesia, East Malaysia, and Africa. It is also involved in the processing, merchandising, branding, and distribution of palm oil and laurics related products, including oleochemicals and biodiesel; and oilseeds products, such as soybean, rapeseed, sunflower seed, cottonseed, canola, peanut, corn, and rice bran oil and meal products, as well as rice, flour, wheat bran meal, and bran and pollard to distributors, wholesalers, feed millers, industrial users, and retailers. In addition, the company produces and markets edible oil, rice, flour, grains, and noodles to traditional retail outlets, supermarkets, convenience stores, and hypermarts under its own brands. Further, it engages in the milling, refining, merchandising, branding, and distribution of white sugar, brown sugar, caster sugar, and syrups in bulk and packaged forms; generation and sale of electricity; manufacture and sale of bioethanol, as well as nitrogen, phosphorus, and potassium compound fertilizers; distribution of a range of chemicals and specialty ingredients; and ship-owning, chartering, brokering, and management activities. 

Overview

Previous Open Price S$ 3.35 Previous Day High/Low S$ 3.37-$ 3.33
Previous Day Volume 3.141 Previous Close S$ 3.36
Previous Close Date 01/Aug/2017 Ordinary Shares (‘000) 6322.29mm
Beta 0.895 Total Market Cap S$ 21245.54mm
52 Week High/Low S$ 3.98-S$ 3.03 Float 25.98%  


Valuation


Price/Book Value 1.011 P/E Ratio 14.309
Dividend Yield 1.87% EV/EBITDA 11.879

Financial 
Debt/EBITDA 7.397 Cap Ex S$(1099.76)mm
Total Debt S$ 24347.35 mm EBIT S$2315.92 mm
Enterprise Value S$ 40347.83 mm Total Revenue S$ 60019 mm
Total Assets S$52178.6mm Net Income S$ 1528.68mm
Cash & ST Investments S$56205.65 mm EBITDA S$3291.32 mm
  

Technical chart 

Rationale Behind Signal
WILMAR INTL  (F34)

Stock is now bouncing from bottom on chart and may bounce if it break the level of 4.39. if we analyze daily chart of stock it has  consolidation, immediate resistance was  placed at 4.40 if it manages to sustain above this level we can expect further targets of 4.55
Suggest midterm investors to pick stock at 4.39 . Stock has a major support of 4.28.



Overlays:
Bollinger Band:
Stock has crossed the mid band on 3.38 & now trading @ 3.39.
Indicator & Oscillator
MACD- MACD momentum above Signal line which is indicating bullish signal.
RSI –Relative strength Index is near 58 and sustaining above the level giving confirmation to positive trend.

Stochastic: K% Crossed D% which indicates bounce from bottom.

BUY WILMAR INTL @ 3.39-3.40 WITH SL OF 3.28 TP 3.55 WWW.777TRADES.COM 


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WILMAR INTL (F34)

WILMAR INTL (F34)                                                                  Date:02/08/2017 Company Discription Wilmar In...