Trade Idea: Wilmar International
- May 17, 2024
- 1 min read
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Singapore-based Wilmar International (SES:F34) has gotten cheap relative to its own history. This is a value stock with a high debt load.
The company operates in the food processing business, similar to Bunge and ADM but on a smaller scale (US$50B in revenue vs $92B for ADM and $58B for Bunge). I prefer directly buying ag futures (itching to buy sugar) but this is an option for those who want a set it and forget it play. The company isn't going to go out of business, so at some point this year that downtrend will reverse.
Good Trading!
Kashyap
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