Wilmar – Is this a good time to accumulate? (2 Sep 2020) (Guest Post)
By InvestingNote  •  September 3, 2020
Wilmar recently caught my attention. It has fallen approximately 11% from an intraday high of $4.95 on 7 Aug 2020 to close $4.41 on 1 Sep 2020. This post was originally posted here. The writer, Ernest Lim is a veteran community member and blogger on InvestingNote, with username known as el15 and 400 followers. Sixpoints attracted me to Wilmar. Let’s take a look. 1. Imminent catalyst i.e YKA IPO – left one approval to go Wilmar cited that its Chinese subsidiary, Yihai Kerry Arawana Holdings Co., Ltd (“YKA”), has obtained listing clearance from the Shenzhen Stock Exchange (“SZSE”) ChiNext Board Listing Committee (the “Committee”) and has submitted the updated prospectus to the China Securities Regulatory Commission (“CSRC”) for final registration approval for listing on SZSE ChiNext Board on 10 Aug 2020. In other words, based on CGS-CIMB Securities’ report dated 12 Aug 2020, the report cited that Wilmar is hoping to list YKA this month as it is...
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