Something that I take away from Kevin's blog:
The forward looking statement is again vague but if you read between the lines - you can expect profits to decline in FY2009.
"The economic and operating environment remains uncertain. Nevertheless, the Group is confident that through the strengths of its balance sheet and integrated business model, as well as the relative resilience in the demand for staple food commodities, it will be able to weather this period of uncertainty to deliver credible performance."
What this means is that, although Wilmar has reported record profits for 3Q2008, it may not sustain this level of profitability amidst an environment of falling commodity prices. Should I charge ahead?
Last peep at Wilmar, it seems to be doing well, up 9 cents, but on extremly thin volumes. But, I will skip this one, as prospect is cloudy. Bear in mind, although it has double bottom on daily chart ( a check with weekly chart shows no formation yet), it is over a very short span of time. This may the case of chart formations not developed properly. Remember ST Engineering?
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