Wilmar was founded in 1991 and since then it has cemented its status as one of the biggest food processing company in the world. It has propelled itself into rank 285 in the Fortune Global 500 company.
During the pandemic, food security and production has become an evident priority across the world and this has made food production companies extremely valuable. Wilmar with its leader status in certain products were very much helped by the new normal.
Brands that Wilmar produces might not be recognizable in Singapore but it is widely known in China. Wilmar has just conducted an IPO for its subsidiary (Yihai Kerry Arawana Holdings) in China on 15 Oct 2020.
Since then, Yihai has gained lots of traction with its share price jumping more than 400% in just a few months.
With all the positive hype behind Wilmar, is it a good decision to buy at current prices now? Let us dive in to do a quick analysis of the company....