Friday, May 12, 2017

Wilmar - Net Profits Up 51% to USD $361.6 Million

Wilmar just announced that they made a net profit of $361.6m USD today. The stock soared and I think there might be a spin off in China which could be a potential IPO that contributed towards higher rising price that we see now. To read more Wilmar profits news, click the link below.

The stock price for Wilmar just kept rising without stopping. I am not sure if the IPO shares can be subscribed in Singapore when it's released but I think it's not possible. While I think it's unlikely, we can still trade Wilmar and it's warrants.

picture source: businesstimes singapore

Ronald K - Market Psychologist - A Stock Market Opportunist