Wilmar reported 56.9% rise in 4th quarter net profits

Wilmar International Ltd. on last Wednesday reported a 56.9% rise in fourth-quarter net profit largely due to improved performances of its oilseeds and grains business, and contributions from its new sugar segment.

Net profit for the quarter ended Dec. 31 was US$500 million, up from US$318.6 million in the same quarter a year ago, the commodities trader said in a statement to the Singapore Exchange.
Revenue for the period rose 26.7% to US$11.5 billion from US$9.09 billion
Surprisingly, market chose to punish Wilmar and it's price plummet  from S$6 to S$5.070 all within 1 week. Actually regretted not selling off Wilmar at S$6....

One of my colleagues actually asked me why I hold Wilmar when my strategy was dividend yield focused. Wilmar is never a dividend yield play. It was a result of putting trust in analyst buy recommendation last year which resulted in investment at the peak of prices.

Moral of the story: When analyst recommend buy, it is time to sell.

Right now, can only suck thumb and wait to sell it off at a good price (Target: S$5.80) and re-invest the proceeds on higher dividend yield counters.