Wilmar’s “other businesses” valued at just 3.7x PER? This post looks to provide a quick “evaluation” on the big question: Is Wilmar substantially undervalued despite being one of the strongest STI component stock in 2020? I have written about Wilmar previously in this post, Wilmar China IPO: Listing Imminent? For those who are unaware, Wilmar … Read more
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[Update 24 Sep 2020] In likely the final update prior to its listing in mid-October, Wilmar released a statement today before the market opens to state that it has finalized its YKA’s IPO pricing, with the counter to be listed at RMB25.70/share or equivalent to a valuation of US$2.06bn for the 10% stake. The company … Read more