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.
http://www.businesstimes.com.sg/companies-markets/wilmars-q1-net-profit-leaps-51-to-us3616m
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.
http://www.barrons.com/articles/wilmar-soars-11-upgraded-on-strong-q1-earnings-potential-china-ipo-1494565093
picture source: businesstimes singapore
Ronald K - Market Psychologist - A Stock Market Opportunist
