In the invest section of the Sunday Times today, the reporter wrote about how one can invest in the different type of commodities and where to find the bright spot. Apart from what was mentioned, locally there are few counters which is commodities related, such as Noble group, Golden Agri and Wilmar International. Here I will share my simple view of one of these counter in this post, and why I bought into the counter.
Wilmar International is a leading commodities company listed in SGX, with business including oil palm cultivation, oilseed crushing, edible oil refining, sugar refining, fertiliser and grain processing. Below shows the FA ratio from the recent years, nothing exciting but they look pretty decent.
How about comparing these ratio against it's peer. Below is the comparison with it's peers, this was extracted from FT.com. It is trading close to it's book value and PE is ......