I increased my investment in Wilmar, averaging up in the process, as it seems to fall out of favor with Mr. Market once again.
The last time I increased my investment in Wilmar was in August last year at a similar price level.
Back then, I said I was pretty happy to add to my investment at a price much lower than what Mr. Kuok paid in June in the same year.
Now, I feel the same way, especially when Wilmar has been doing share buybacks constantly even at much higher prices.
Wilmar has been undervalued for a long time and it is still deeply undervalued today.
The case for investing in Wilmar is even more compelling today especially if we believe that heightened inflation is here to stay for a longer time.
If we believe that there is going to be stagflation, then, companies like Wilmar will...