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Any idea what is the Target Price for this stock ?
sth boiling in this stock
i think maybe its cos of increase intrest in commodity funds and i believe those funds track some good com stocks like olam and wilmar...
wow.. did anybody look at this counter today? From the 2.8ish range shoot up to a high of of almost 3.2..
what a jump!
Olam plans to increase its rice-milling capacity at least 5x to tap rising domestic demand in India. Olam will raise capacity to 400,000 tonnes in 3 years, from a current capacity of between 60,000 tonnes and 80,000 tonnes, CEO Sunny Verghese said in an interview.
Milling removes husks from rice. Rice prices reached a record last month on concern global supplies couldn't meet demand. India may boost production to a record as farmers plant more of the crop, an exporters' group said 19/5.
"We want to participate in India as they prioritise procurement," Mr Verghese said. "Next year we want to participate in the domestic trade and in the next 3 years, growth will be considerable." Olam can command a price premium in rice trading as a 'reliable' supplier at a time export curbs by countries including Vietnam, India and Egypt are expected to reduce global trade by 14% this year to 27m tonnes, Mr Verghese said.
Olam International
May 16 close: S$2.92
DBS Group Research, May 16
EXCELLENT execution continues: Q3 2008 earnings were slightly above expectations, rising by 39 per cent y-o-y to $56 million on revenue growth of 52 per cent y-o-y to $2.4 billion. For 9M 2008, Olam's bottom line rose by 31 per cent y-o-y to $103 million, as the top line expanded by 26 per cent y-o-y to $3.8 billion. The robust performance was led by broad-based growth that saw both volumes and net contribution per ton increase across all segments (excluding Queensland Cotton's results) on a y-o-y basis.
Looking ahead, this set of results not only reinforces our belief in the group's well-proven organic growth model, but also gives us increasing confidence in the management's ability to integrate acquisitions to further boost earnings growth. With Queensland Cotton likely to post a strong turnaround in FY2009 and with greater contribution from other acquisitions as well, Olam can look forward to even stronger growth ahead. We have raised our FY2008 earnings numbers by 6 per cent, kept our FY2009 numbers, and introduced FY2010 forecasts.
Olam continues to execute well on its expansion strategy and deliver on earnings growth. We reiterate our 'buy' call and our target price of $3.80, which is based on 30 times FY2009 PE, predicated on one time price earnings to growth. We are forecasting 31 per cent EPS compounded annual growth rate for Olam over FY2007-2010.
BUY (BT)
wow.....u bought at $3.85!!!! a dollar away from the current price......really hope this olam goes far
if really dip further down...will be glad to collect it again especially around $2.64
Olam is holding firm. Bought at $3.85 to hold for anticipated good results. With rising commonity prices, this counter can keep for the medium term.
DATE OF RELEASE OF FINANCIAL RESULTS FOR THIRD QUARTER ENDED 31 MARCH 2008
Olam International Limited (the "Company") wishes to announce that the Company will release its financial results for the third quarter ended 31 March 2008 on Thursday, 15 May 2008 after trading hours. The results will also be posted on the Company's website at www.olamonline.com.
aiy...nvm la...got profit its good news le
freeme ( Date: 06-May-2008 17:23) Posted:
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This one really flying high.. i still rem i buy this at 1.9+, den release at 2.15,
Haha if i hold until now, i can earn 5000 liao.. haaha..
This 2 wks v hard to trade.. suddenly all price go up and nv go down anymore..
probably we share the same genie ...after it grant mine...it grant urs...wad a spectacular close!
| 17:05:02 | 3.030 | 1,028,000 | X |
ozone2002 ( Date: 06-May-2008 15:52) Posted:
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which lamp genie is granting ur wishes? share lei..2.97..coming $3
no lah, just asking. I dun feel good too to get in now... cheers!
cyjjerry85 ( Date: 06-May-2008 14:55) Posted:
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hmmm...might be a little late to get in now..not much profits to squeeze if get in now as we can't confirm if it can break smoothly past $3 or not...a solid support can be found at $2.64...and another support is at $2.77 region...jux an indication if u like to get in with lowered risk..but might not reach tt level le..can try though...
idesa168 ( Date: 06-May-2008 14:49) Posted:
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lookin damn fine!...$3 not a problem...
hope the UBS news + yahoo failed bid does not dampen US markets tonite..
so can buy in or not??
cyjjerry85 ( Date: 06-May-2008 14:40) Posted:
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wish fulfilled for today...looking at the chart now...$3 is not an easy barrier to break & stay above..hopefully it will this time..
cyjjerry85 ( Date: 06-May-2008 12:23) Posted:
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kelwaran grp rocks! ;p
there will be a bigger smile if can break above $2.90 after lunch...and tml above $3...it will be a delight~!