Rate Of Return$Wilmar(F34.SG)closed at $3.80 after trading within a relatively tight range of $3.75 to $3.83 suggesting the stock is stabilising following the recent rebound while buyers continue defending near term support levels.
Although momentum has slowed slightly after the sharp recovery earlier this week
Wilmar’s fundamentals remain supported by attractive valuation levels (P/B 0.84), resilient earnings base and dividend yield above 6% which continue to provide medium-term support
Neutral to slightly bullish
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