Ragul97
2026.05.19 12:26

$Wilmar(F34.SG)sliding toward an intraday low of $3.62 reflecting softer sentiment as sellers regained short-term control.

Pullback suggests the recent rebound momentum is fading, with the stock now retesting key support levels. Still, fundamentals remain relatively supported by attractive valuation levels (P/B 0.81) and a strong dividend yield above 6.5%, which may help cushion deeper downside pressure

Holding above the current support zone will be important to prevent further weakness, while a recovery back above $3.74 could help stabilise sentiment and revive rebound momentum.

The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.