$Wilmar International (F34.SI) Closes +0.84% Near SGD 3.61: Palm Oil Giant Stabilizes as Value Si...

📊 Market Recap

As of the latest close on 2026-10-01, 'F34.SI' finished at SGD 3.61, up +0.84% from the previous close of SGD 3.58. The stock traded between SGD 3.55 and SGD 3.63 during the session, with turnover reaching 8.21 million shares and a volume ratio of 1.64, indicating stronger-than-usual participation. The price remains about 8.6% below its 52-week high of SGD 3.95, while it has recovered roughly 32.7% from its 52-week low of SGD 2.72.

🚀 Key Drivers

Value and dividend support: 'F34.SI' trades at a low trailing P/E of 12.24 and a price-to-sales ratio of only 0.23, while its dividend yield of 4.11% continues to attract defensive income investors.
Capital flow improvement: Five-day capital flow data shows net inflows on three of the last five sessions, including SGD 6.58 million on 2026-09-29, suggesting buyers are gradually returning after a prior outflow day.
Stable major shareholder structure: The Kuok Group retains a 27.08% stake and Archer-Daniels-Midland holds 22.49%, providing a relatively stable ownership base despite broad market uncertainty.

🎯 Price Outlook

Short-Term Upside/Downside Probability

Direction	Probability	Price Range	Change
Upside	50%	3.63 – 3.72	+0.6% ~ +3.0%
Downside	50%	3.55 – 3.48	-1.7% ~ -3.6%

Medium-Term Upside/Downside Probability

Direction	Probability	Price Range	Change
Upside	52%	3.70 – 3.90	+2.5% ~ +8.0%
Downside	48%	3.40 – 3.25	-5.8% ~ -10.0%

Key Price Range

Type	Price
Short-term resistance	3.63 / 3.72
Short-term support	3.55 / 3.48
Strong support zone	3.30

(The above forecast results are generated by AI and are for reference only. They do not constitute any form of investment advice, trading guidance, or return commitment.)

1. Technical Analysis 📈

Volume: Turnover reached 8.21 million shares, with a volume ratio of 1.64, indicating active participation and improving short-term liquidity compared with recent average sessions.

MACD: Latest MACD value is unavailable in the current dataset, but the price action near SGD 3.61 and the volume ratio above 1.5 suggest that short-term momentum is attempting to stabilize after recent range trading.

RSI: RSI values for the 6-day, 12-day, and 24-day periods are currently unavailable, so no overbought or oversold signal can be confirmed. The recovery from the 52-week low area nevertheless points to improving investor sentiment.

2. Key Price Levels 🎯

Primary Support: SGD 3.55, the session low and immediate short-term floor; a decisive break below this level would shift the near-term bias to negative.

Strong Resistance: SGD 3.95, the 52-week high and major upside barrier; a breakout above this level would signal a longer-term trend reversal.

Immediate Pivot: SGD 3.63, the day's high and first near-term hurdle; reclaiming this level on a closing basis would strengthen the bullish case.

3. Valuation Perspective 💰

'F34.SI' trades at a trailing P/E of 12.24 and a price-to-book ratio of 0.79, both comfortably below many regional consumer staples peers. The price-to-sales ratio of only 0.23 and ROE of 6.55% reflect a mature, asset-heavy business profile, while the dividend yield of 4.11% adds a defensive income component to the valuation.

4. Analyst Targets 🎯

Relevant institutional rating data for this specific period is limited. The stable ownership by major shareholders such as The Kuok Group, Archer-Daniels-Midland Company, and Kerry Group Limited supports a generally constructive long-term view, although near-term consensus targets should be confirmed from updated broker reports.

5. Weekly Outlook and Key Events 🔮

The stock is expected to consolidate between SGD 3.55 and SGD 3.72 over the next one to two weeks. A breakout above SGD 3.63 with stronger volume could open the path toward SGD 3.72 and then SGD 3.90; a breakdown below SGD 3.55 may lead to a retest of SGD 3.48, followed by the stronger support zone near SGD 3.30.

Key items to monitor in the coming one to two weeks:

Palm oil and edible oil price trends, which directly affect Wilmar's commodity processing margins and revenue outlook.
Any company announcements on dividend policy or operating performance updates.
Regional consumer demand and currency exposure risks, especially SGD and emerging-market currency movements.

Risk Disclaimer ⚠️

This content is for informational purposes only and does not constitute investment advice. Stock market investing involves risk, and past performance does not guarantee future results. Wilmar International's earnings can be sensitive to commodity price volatility, currency movements, and global demand fluctuations. Investors should conduct their own research or consult a licensed financial adviser before making any investment decision.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.