Newly listed Wilmar call warrant to trade oversold shares

Macquarie Warrants Singapore

Sliding 14% over the past month, $Wilmar Intl(F34.SI)$ shares are currently trading at a 14-day Relative Strength Index (RSI) of 26.6 - an oversold level and the lowest RSI the stock has seen in 6 years

According to Bloomberg, Wilmar shares have risen an average of 6.1% in the next 20 days whenever the RSI of the shares fell under 30 in the past 12 months

Apart from the RSI, other technical indicators suggesting that the shares are oversold include the Bollinger Band - with Wilmar trading on the lower end of the band

Wilmar had started this year on a bright note, rallying 33% from $3.05 to $4.02 in early April

The exuberance quickly faded thereafter following an Indonesian probe in May (Yahoo Finance), and earnings miss in its first quarter (late April) and first half results (Aug)

⛈Five months on, the stock continues to see a mix of negative catalysts:

Downgrade of target price by one broker

The prospect of a super El Nino disrupting crop production which is weighing on agri-food names including the likes of Wilmar

Being issued notices by the National Environmental Agency to companies who may be responsible for the haze (The Straits Times)

On the back of the fundamental overhang and standout technical levels, investors who foresee a dead-cat rebound in Wilmar shares can consider trading via this morning's newly listed $Wilmar MB eCW270329(SPFW.SI)$

) (https://warrants.com.sg/tools/livematrix/SPFW) which costs SGD 0.019 while WIlmar is trading at SGD 3.25, but will move approximately 6.8x more than Wilmar shares based on its effective gearing level as of 9AM this morning

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an oversold level and the lowest RSI the stock has seen in 6 years</p>\n<p>According to Bloomberg, Wilmar shares have risen an average of 6.1% in the next 20 days whenever the RSI of the shares fell under 30 in the past 12 months</p>\n<p>Apart from the RSI, other technical indicators suggesting that the shares are oversold include the Bollinger Band - with Wilmar trading on the lower end of the band</p>\n<p>Wilmar had started this year on a bright note, rallying 33% from $3.05 to $4.02 in early April&nbsp;</p>\n<p>The exuberance quickly faded thereafter following an Indonesian probe in May (Yahoo Finance), and earnings miss in its first quarter (late April) and first half results (Aug)</p>\n<p>⛈Five months on, the stock continues to see a mix of negative catalysts:</p>\n<p>Downgrade of target price by one broker</p>\n<p>The prospect of a super El Nino disrupting crop production which is weighing on agri-food names including the likes of Wilmar</p>\n<p>Being issued notices by the National Environmental Agency to companies who may be responsible for the haze (The Straits Times)</p>\n<p>On the back of the fundamental overhang and standout technical levels, investors who foresee a dead-cat rebound in Wilmar shares can consider trading via this morning's newly listed <a href=\"https://ttm.financial/S/SPFW.SI\">$Wilmar MB eCW270329(SPFW.SI)$</a></p>\n<p>) (https://warrants.com.sg/tools/livematrix/SPFW) which costs SGD 0.019 while WIlmar is trading at SGD 3.25, but will move approximately 6.8x more than Wilmar shares based on its effective gearing level as of 9AM this morning</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1537ff66229ee49fb5c274047f7d20ab\" tg-width=\"800\" tg-height=\"800\"></p></body></html>","htmlText":"<html><head></head><body><p>Sliding 14% over the past month, <a href=\"https://ttm.financial/S/F34.SI\">$Wilmar Intl(F34.SI)$</a> shares are currently trading at a 14-day Relative Strength Index (RSI) of 26.6 - an oversold level and the lowest RSI the stock has seen in 6 years</p>\n<p>According to Bloomberg, Wilmar shares have risen an average of 6.1% in the next 20 days whenever the RSI of the shares fell under 30 in the past 12 months</p>\n<p>Apart from the RSI, other technical indicators suggesting that the shares are oversold include the Bollinger Band - with Wilmar trading on the lower end of the band</p>\n<p>Wilmar had started this year on a bright note, rallying 33% from $3.05 to $4.02 in early April&nbsp;</p>\n<p>The exuberance quickly faded thereafter following an Indonesian probe in May (Yahoo Finance), and earnings miss in its first quarter (late April) and first half results (Aug)</p>\n<p>⛈Five months on, the stock continues to see a mix of negative catalysts:</p>\n<p>Downgrade of target price by one broker</p>\n<p>The prospect of a super El Nino disrupting crop production which is weighing on agri-food names including the likes of Wilmar</p>\n<p>Being issued notices by the National Environmental Agency to companies who may be responsible for the haze (The Straits Times)</p>\n<p>On the back of the fundamental overhang and standout technical levels, investors who foresee a dead-cat rebound in Wilmar shares can consider trading via this morning's newly listed <a href=\"https://ttm.financial/S/SPFW.SI\">$Wilmar MB eCW270329(SPFW.SI)$</a></p>\n<p>) (https://warrants.com.sg/tools/livematrix/SPFW) which costs SGD 0.019 while WIlmar is trading at SGD 3.25, but will move approximately 6.8x more than Wilmar shares based on its effective gearing level as of 9AM this morning</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1537ff66229ee49fb5c274047f7d20ab\" tg-width=\"800\" tg-height=\"800\"></p></body></html>","text":"Sliding 14% over the past month, $Wilmar Intl(F34.SI)$ shares are currently trading at a 14-day Relative Strength Index (RSI) of 26.6 - 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