WLMIY - Wilmar: Value And Global Agriculture Exposure
Thesis
As the US market remains elevated by a host of valuation metrics, be it regular PE, Shiller CAPE, or comparisons to other markets, I have intensified my search for overseas value.
Today I would like to tell you about a company that has a low valuation, a strong and consistently profitable history, exposure to fast growing economies and sectors, and strong financials. As is prudent when investing overseas, I will also touch on how to mechanically invest in such a company and compare the US listed ADRs versus the other market listings.
Introduction
Wilmar