Wilmar International FY2020 net profit surges 18.6% to US$1.53b
Its revenue for FY2020 increased 18.5% to US$50.53b.
Agribusiness group Wilmar International recorded an 18.6% increase in its FY2020 net profit to US$1.53b, on the back of a robust performance across all core segments, the company announced.
The group’s revenue also increased 18.5% to US$50.53b in FY2020 due to strong volume growth, firmer commodity prices, and consolidation of food manufacturer Goodman Fielder’s results.
Wilmar International is also set to hand out its highest total cash dividend since listing at 19.5 Singapore cents per share for FY2020 amidst the group’s recorded net profit for the full year.
Technically, if Wilmar continue to hover around 5.40 for the next few bars, it is likely to test the support at 4.90. Either it rebounce back from 4.90 and break new high or it continues to falls to 2nd support of 4.20. Lets watch how the smart monies going to play it.
Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.
Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.
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