Wilmar

Wilmar, which accounts for half of China's cooking oil market, is apparently unaware of China’s govt lifting the 7-mth price cap on retail vegetable oil prices. Wilmar shares rose as much as 2.6% today following Reuters report that China has removed the price hike ban on 7 Jun. But news was nothing new as the expiry deadline is already known. Moreover, any plans to raise prices are still subject to China's NDRC approval.

With inflationary pressure still high, it is unlikely that price hikes would be approved anytime soon. The stock has pulled back from early gains & is sitting near 20-day MA support at $5.35, with topside resistance at $5.52.
chinlai: Ben, pls email OUE for me too

Wilmar says that it is not aware of China's govt lifting price caps on products that the Company sells, in response to a Reuters report that China's 7mth limit on retail veg oil prices has expired.
Stock +1.1% at $5.36, but off the $5.44 high at the start of the morning session.
Recall, mkt watchers have been anticipating Wilmar to raise its consumer oil pack prices, so that it can pass on higher feedstock costs to customers and improve margins.