Wolf Money(Wilmar International)

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I have decided to buy back half of my sold position in Wilmar Int’l after the recent bad 3q result. Three things might potentially shift the needle in 4Q for Wilmar are as follow.

1.) China undertaking another stimulus this week if any.

2.) The Adani Wilmar 13% stakes sales worth close to USD 700m(50% owned) by end of Feb 2025 to meet regulatory requirements of a minimum 25% float. A sale may induce the company to pay a special dividend.

3.) The surge in palm oil prices to year high of MYR 4894. The company in its recent Q3 update mentioned about a rise in palm oil production. Surging prices and increasing production likely to help their bottomline. The geopolitical situation in Middle East provides support for crude which palm oil prices follow closely.

(Source: Wilmar; Management guided for higher palm oil production)


(Source: Tradingeconomics.com; Palm oil prices at 1year high) 

I am moderating my position due to ongoing uncertainty around the world. As usual, no point predicting the results of Wilmar, they are all over the place. Chart wise, support can be seen at the $3.06 and $3 mark. More information at the end of the month portfolio updates. God bless.


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All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.

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