$Wilmar(F34.SG)- Signs of Stabilisation After Recent Weakness
Wilmar edged up 0.54% to close at $3.72, after opening at $3.70 and trading within a narrow range of $3.67–$3.73. The tighter price action suggests selling pressure has eased with buyers gradually returning to support the stock after its recent pullback.
While near term momentum remains neutral, Wilmar's fundamentals continue to provide support. The stock trades at an attractive P/B of 0.82 with a diversified agribusiness portfolio, resilient consumer food business, and stable cash generating operations. Improving palm oil prices, stronger refining margins, and a recovery in regional demand remain potential catalysts for the second half of the year
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