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As much as Wilmar (WLMIF) (WLMIY) appears to be an agriculture company on its surface, similar to its large investor and US peer Archer-Daniels-Midland (ADM), it is a fully integrated producer of consumer end products that are derived from agriculture commodities.
This became even more apparent when Wilmar reported its Q1 2020 results. Coming off a record Q4 2019 and a very strong full year in 2019, with a record dividend paid, I was expecting Wilmar to return to earth in this report. Given the pandemic wreaking havoc on