Wilmar seems to be rejected at 200D SMA with a Bearish Engulfing candlestick pattern on daily chart. A Hanging Man is observed on weekly chart. Both candlestick pattern point to potential reversal in coming days. Opportunity to take profit for those who already have the position and buy on retracement for those who have missed the early boat.
On bullish side, Wilmar is forming a Bullish Pennant. So, also watch out a bullish breakout if retracement does not happen.
Looks like Wilmar has finally breakout from a Symmetrical Triangle after so many months of consolidation (see previous analysis). The breakout is supported by a spike in volume. However, still need to wait for Wilmar to retrace to test the previous resistance turned support (at about $3.20) to confirm the breakout. Currently Wilmar is pulling back with Dark Cloud Cover candless to test the $3.20 level. Target price for this breakout is $3.60 which is also close to 200D SMA.
Wilmar seems like finding a bottom at $3.00 and forming a Triple Bottoms, a trend reversal chart pattern. Wilmar is consolidating in a Symmetrical Triangle and the moment. A successful breakout above $3.30 will send Wilmar to the target price which is the next resistance of about $3.70.
| Current P/E Ratio (ttm) | 13.0651 |
|---|---|
| Estimated P/E(12/2012) | 15.8534 |
| Relative P/E vs.FSSTI | 1.0877 |
| Earnings Per Share (USD) (ttm) | 0.1990 |
| Est. EPS (USD) (12/2012) | 0.1640 |
| Est. PEG Ratio | 1.4611 |
| Market Cap (M SGD) | 20,339.40 |
| Shares Outstanding (M) | 6,396.04 |
| 30 Day Average Volume | 10,801,370 |
| Price/Book (mrq) | 1.2065 |
| Price/Sale (ttm) | 0.3669 |
| Dividend Indicated Gross Yield | 1.60% |
| Cash Dividend (SGD) | 0.0200 |
| Last Dividend | 08/22/2012 |
| 5 Year Dividend Growth | 31.44% |
| Next Earnings Announcement | 11/09/2012 |