Wilmar International

[freedom]

Any opinion on this counter at this price level ? Valuation looks cheap .

In OCT 2008 crash it was down to ~$2.10, don't know the valuation back then.

After QE1 shot back up to $7 then slow decline from there together with the commodity prices. We all know with china slowing down commodity prices likely to drop further.

Wilmar now has 29 billion in debt which is ~145% ratio to market cap and not much cash. As a blue chip stock the dividend is at a paltry 1.57% today.

So based on these 3 criteria I wouldn't say its "cheap"

not much cash?

Wilmar has almost 10 billion cash on its balance sheet. In absolute amount, I doubt any other company(other than banks) in SGX can have more cash.