Wilmar

Wilmar: is -0.5% at $3.74 in nearly transparent volume after its associate Czarnikow said Macquarie Group acquired Wilmar's 42.5% stake in the sugar trader, with the transaction to be completed early in 3Q12. An analyst says, associates don't really contribute that much, and is not really meaningful to Wilmar's bottom line. Nevertheless, KELive wonders why Wilmar is selling off a sugar trading unit, shortly after making several large scale sugar acquisitions in Australia last yr (recall Sucrogren and Proserpine). Technically, the stock's $3.70 ytd low may offer support, while last week's $3.96 peak may be a near-term cap.