Wilmar released the 2023 FY results.
Overall it satisfied me well.
Revenue decreased 9%
Earning per share dropped 37%
Cash flow increase 5 times.
Dividend remained same.
Results seem Wilmar worst time has gone.
Wilmar price dropped in last two years.
Wilmar is a global leader in agricultural products, oil, rice sugar, floor....
She penetrates deeply in China and India markets.
Agriculture products profits margin up and down is the business nature.
Wilmar purchased the company shares in 2022.
COE personal pocket purchased the shared in 2023.
And today Wilmar remains the dividend level.
All these actions, Wilmar strived to support market price.
The management team showed care of investors.
I hold Wilmar and swing trading very long. It's good entry time now for dividend income strategy investors.
Buy and hold for dividend, dividend yield 5% plus.
And waiting for Wilmar improve profits margin to achieve capital gains.
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