Wilmar International Limited (SGX:F34) HEFFX Highlights

Wilmar International Limited (SGX:F34) HEFFX Highlights

Wilmar International Limited (SGX:F34) HEFFX Highlights

  • Wilmar International Limited has partnered with ING to convert a portion of its existing bilateral, committed Revolving Credit Facility of US$150 million with the bank into a sustainability performance-linked loan.
  • Wilmar says it is the first company in Asia and the palm oil industry to take a loan with interest rate pegged to its sustainability credentials.
  • The company is working with Dutch financial giant ING to couple its sustainability performance to a loan.

Wilmar International Limited is a Singapore-based agribusiness company. The Company’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, sugar milling and refining, manufacturing of consumer products, specialty fats, oleo chemicals, biodiesel and fertilizers, as well as rice and flour milling. Its segments include Tropical Oils (Plantation, Manufacturing & Merchandising); Oilseeds & Grains (Manufacturing & Consumer Products); Sugar (Milling, Merchandising, Refining & Consumer Products), and Others. It produces nitrogen, phosphorus and potassium (NPK) compound fertilizers and is also engaged in the merchandising of straight fertilizers, such as potash, phosphate and nitrogen, and trace element products. It is engaged in the processing, refining, merchandising and distribution of oilseeds products, such as soybean oil and meal, sunflower seed oil and meal, cottonseed oil and meal, canola oil and meal, peanut oil and meal, and corn.

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 3.26.

The projected upper bound is: 3.21.

The projected lower bound is: 3.02.

The projected closing price is: 3.12.

WILMAR INTL closed down -0.040 at 3.120. Volume was 84% above average (neutral) and Bollinger Bands were 48% wider than normal.

Open       High         Low          Close       Volume
3.140       3.160        3.120        3.120       10,349,900

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period        50-period        200-period
Close:                       3.15                   3.27                 3.42
Volatility:                12                      18                     25
Volume:                   4,728,010        5,226,372      6,663,774

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary
WILMAR INTL is currently 8.8% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect very strong flows of volume out of WLIL.SI (bearish). Our trend forecasting oscillators are currently bearish on WLIL.SI and have had this outlook for the last 12 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 13.3333. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 6 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 32.18. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 7 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -104.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 7 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 17 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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