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Market UpdatesSingapore SGX stocks

Wilmar International: A Strategic Look

Posted on September 13, 2024 at 10:08 am (GMT+8)

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Wilmar International:

      • Current Price: S$3.12
      • Target Price: S$3.33
      • Stop-Loss Price: S$3.06
      • Recommendation: Trading Buy
      • Investment Thesis: Wilmar International is trading in a bullish trend, with both MACD lines above zero. The stock price has remained above the cloud, supporting the uptrend. Wilmar’s positive technical indicators, including a bullish crossover of the conversion and base lines, point toward potential short-term gains.
      • Financials: With strong fundamentals, Wilmar is well-positioned to achieve a short-term target price of S$3.33. The stock’s trading range between S$3.10 and S$3.11 offers an attractive entry point for investors.
      • Key Catalysts: Wilmar’s potential to benefit from global demand in the consumer and agricultural sectors presents a short-term trading opportunity. The company’s earnings are expected to improve with rising global food and commodity prices.Thank you

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