Amid the era of COVID-19, not many SGX companies can boast making US$1 billion profits, much less clocking higher earnings as compared to 2019. Wilmar is one of the exceptional elites which have performed well despite the devastating pandemic. In this regard, will Wilmar share price hit $5 in 2021?
In spite of the good financial performance, Wilmar share price remains the biggest enigma among investors. Year-to-date, there is no change in Wilmar share price despite the robust financial performance. Very strangely, the counter was trading at $4.20 on 2 January and remained at the same bandwidth at the point of writing. In between this period, Wilmar share price has witnessed pretty much volatility as the counter plunged to a low of $2.90 on 23 March to a high of $4.90 on 19 August.
Indeed, Wilmar share price had been a complete let down.