Wilmar International. Watch on the sides.

ThinkOrSwim
2022-04-26

Flushed down prices of Wilmar International caught my eye lately; after running a search online, turns out a corruption case has just unfolded with the company in Indonesia and involves minsterial level personnel there. Until things are clearer or officially sorted out, I wouldn't make an entry even as the price looks "attractive". Learning from past experience, reknown listed companies in SG caught up with such negative news are subject to brutal sell-offs as short sellers mount - and such instances can drag for a long time, keeping prices depressed by months or years.

For those familiar with Yang Zi Jiang Shipbuilding's debacle, you probably know what I mean. Cut-loss or start developing a tonne of patience to hold a bag that might cost you opportunity costs elsewhere.

Happy trading, in both good and challenging times. [Cool] 

https://www.straitstimes.com/business/companies-markets/indonesia-probes-wilmar-staff-trade-ministry-in-palm-oil-corruption-case

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Comments

  • EvanHolt
    2022-04-26
    EvanHolt
    What's wrong with YZJ? I don't understand.
    • ThinkOrSwim: 
      If u dig into YZJ, its past were hit with cases of its personnel caught up in negative headlines - sending its price into long winter. Another one just surfaced recently. Do google - if it helps.
  • Moolele
    2022-04-26
    Moolele
    Long term giant but slow leh 😅
    • MooleleReplyThinkOrSwim: 
      Yes yes
    • ThinkOrSwim: 
      No offence, but in the name of equities, even the Giant of Giants get crushed when mass exodus takes over.
  • snarly
    2022-04-26
    snarly
    Thanks for the info
  • LuckyPiggie
    2022-04-26
    LuckyPiggie
    ohhh no wonder. Good info bro [Cool]
  • LouisLowell
    2022-04-26
    LouisLowell
    I'm glad I didn't buy the stock.
  • n86887
    2022-04-29
    n86887
    thanks for info 🤠
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