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Olam fair value been hit. Be careful. Don't just because Temasak is in than jump to it. Remember Temasek pay for this stock at around $1.60/ share.
Trade with care.
Wait fr better opportunity, price too high......
aleoleo ( Date: 01-Jun-2009 17:46) Posted:
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Olam International Ltd: Equity placement to Temasek Holdings
Olam International Ltd's (Olam) has announced its proposal to place out
273.5m new shares to Temasek Holdings. The new shares have been priced
at S$1.60, representing a 17.4% discount to the weighted average price of
trades done on 29 May 09. We expect the placement to result in a dilution
of 16% for existing shareholders. Net proceeds from this placement, which
will amount to approximately S$437.0m, will be used mainly to finance
new capital expenditure and acquisitions for the group. According to Olam,
the participation by Temasek will enable the group to tap on more investment
opportunities for growth. We will be looking to adjust our numbers to account
for the dilution. For now, our both
are under review.
Look at the research below, some say BUY call, some say SELL, some say HOLD. so .... listen to who?
Fighting now? seems like seller more than buyer ..... of course people like me dun like to see stock sell down...
got to pray hard liao ... :(
DBS Group Research: Olam’s 3QFY09 earnings were ahead of our and consensus expectations on CB repurchase gains. However, core earnings were slightly below expectations on lower than expected net contribution/MT and higher volumes. Net gearing stood at 2.61x as at end of March. Maintain BUY, TP upgraded to S$2.05 (Prev S$ 1.70).
JP Morgan: Olam International Limited
Price: S$1.85 Price Target: S$2.60 Previous: S$2.50
Credit Suisse : Olam------------------------------------------------------------------------------Downgrade to NEUTRAL
*DJ Olam Downgraded To Neutral From Buy By DMG
*DJ Olam Cut To Hold From Buy By Deutsche Bank
*DJ Olam Upgraded To Buy From Hold By OCBC
| *DJ Olam Upgraded To Buy From Sell By CLSA
7 hours ago
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wonder why thye are pushing Olam all the way down?? To accumulate low??
the big boys have done it again..stealthily accumulating on the lows and pushin up the prices..(refer to my older posts)
UBS has been increasing their stake in this stock..
des_khor ( Date: 01-Apr-2009 01:10) Posted:
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freeme ( Date: 31-Mar-2009 12:16) Posted:
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freeme ( Date: 27-Mar-2009 16:20) Posted:
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des_khor ( Date: 27-Mar-2009 15:46) Posted:
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Date
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Stock
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Broker
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Price
|
TP
(6-12M) |
Recommendation
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27/03/09
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Koh Bros
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Westcomb
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0.145
|
0.15
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Downgrade -Hold
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SingPost
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KimEng
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0.795
|
0.92
|
Buy
|
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Olam
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CSuisse
|
1.50
|
2.10
|
Maintain Outperform
|
|
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CityDev
|
OIR
|
5.29
|
5.43
|
Hold -ReinitatiateCoverage
|
|
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CDL H-Trust
|
DBS
|
0.515
|
0.65(0.70)
|
Buy(Hold)
|
|
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SIA Eng
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CIMB
|
1.71
|
2.40
|
Ourperform Maintained
|
|
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TPV
|
CIMB
|
0.48
|
0.70
|
Outperform Maintained
|
|
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OCBC
|
CIMB
|
5.07
|
5.15
|
Underperform Maintained
|
|
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CDL H-Trust
|
CIMB
|
0.52
|
0.68
|
Outperform Maintained
|
|
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Parkway L-Reit
|
DMG
|
0.78
|
1.35
|
Buy
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ozone2002 ( Date: 17-Mar-2009 09:14) Posted:
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