Why I invest in Wilmar?
Found this counter few years back after doing some research, below are the reasoning on why I invest in this stock:
- Profit increasing year on year
- DPU also increased for the past few years
- P/B around 1 which I think is at fair value
- Inflation on the rise, which benefited Wilmar
- CPO price at all time high
- Listing of China (Yihai Kerry Arawana) and India (Adani Wilmar) Subsidiaries received good responses and their share price is much higher than the IPO price.
- Russia and Ukraine war causing sunflower oil shortage which will increase demand of palm oil.
- Business expansion to other countries, ie. Pakistan etc.
Vested around $4.2+. Target price at least $5+
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