Thursday, December 20, 2012
Wilmar: is +2.8% at $3.27 on good volume. Only news flow is that the co reported full redemption of oustanding principal amount of US$571m of bonds , which matured on 18 Dec '12, and accrued interest of 17.78% has been paid. Note that the commodities traders have been underperforming for the longest time, despite the STI charging to new highs. As a laggard, Wilmar may be taking the opportunity to play catch up, particularly as share price of its peer, Noble has also seen a nice bump up over the past couple of days.