Aug[5] - Wilmar (Institutes' favourite)

BUSINESS:

(1) Earning from major segments saw significant improve. Sugar segment managed to reduce net loss y-o-y and q-o-q.
(2) Indonesia government has been pushing for higher biodiesel blending which continue to benefit the Group.

HIGHLIGHTS:
(1) The Group intends to IPO its China operation on FY2019. It could be price catalyst when more detail is disclosed.
(2) It is often appearing in net buying list of institute fund since June.

CHART:
Since 2018, the price has been range bouncing from 3 to 3.3, which is below it's net asset value. Investors could accumulate in the range (~3% dividend) while waiting for potential break up from 3.3.