Wilmar (F34.SI) -0.52% at S$3.82 — S$3.95 Breakout in Focus
$Wilmar Intl(F34.SI)$ Closed -0.52% at S$3.82: Consolidation Near 52-Week High, Breakout Above S$3.95 Needed to Confirm Uptrend 🛢️🌴
Latest Close Data: F34.SI settled at S$3.82, down -0.52% (-S$0.02) on Thursday, Sep 4, 2026. Price remains 3.4% below its 52-week high of S$3.95, with intraday range S$3.78–S$3.84 and amplitude just 1.56%.
Core Market Drivers: The stock continues to consolidate amid mixed sector sentiment. Volume ratio of 0.58 indicates below-average participation, while capital flow data shows net outflow of S$312K on the day—suggesting near-term profit taking near resistance. Macro pressure on palm oil and agri-commodity margins has kept momentum tempered.
Technical Analysis: Volume of 4.71M shares vs. 5-day average trend shows declining enthusiasm. RSI values remain unavailable in current feed, but price action above S$3.78 (today's low) preserves short-term bullish structure. MACD signal line is flattening after prior bullish crossover; a daily close below S$3.78 would negate upside bias. Turnover rate of only 0.08% reflects tight float.
Key Price Levels:
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Primary Support: S$3.72–S$3.75 (recent consolidation base)
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Strong Resistance: S$3.95 (52-week high, break triggers acceleration)
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Immediate Pivot: S$3.84 (today's high and yesterday's close, now reclaimed supply)
Valuation Perspective: P/E TTM stands at 13.22, while P/S TTM is ultra-low at 0.25 and P/B at 0.85. Dividend yield of 3.85% offers defensive cushion. ROE at 6.55% is modest, but valuation remains undemanding for an integrated agri-giant.
Analyst Targets: Institutional shareholder structure is highly concentrated—The Kuok Group holds 27.08% and Archer-Daniels-Midland 22.49%. Float is only S$67.82B market cap equivalent, with low turnover suggesting limited consensus-driven re-rating near term.
Weekly Outlook: Expect range-bound action between S$3.72–S$3.95 over next five sessions. A daily close above S$3.95 targets S$4.10; a break below S$3.72 risks S$3.55.
Risk Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Past performance does not guarantee future results. Trading involves substantial risk.
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