Olam Intl   

Ramping up its capex

Olam International Limited, a leading global, integrated supply chain manager and processor of agricultural products and food ingredients, announced today that it has agreed to acquire 100% shareholding of Hemarus Industries Limited with its 3,500 tons crush per day (TCD) sugar milling facility, a 20 MW co-generation facility and accompanying assets in India for a total purchase consideration of US$73.8 million (INR 3,400 million).

http://sgsharemarket.com/home/2011/09/singapore-company-highlights-01092011/?=Olam

 

Price rebound to 2.59.. so fast

 

wah... clsa questioning olam accounting books???!!!

fraud in the making?.... better be careful....scary another enron case, then gone case!

 

CLSA - SELL 21 Feb 11  (TP: $1.60)

BOA Merrill Lynch - SELL (TP : $2.oo)

Read Appx1 pg7/10..

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D81A22B9FA820D1D4825783F007E799E/$file/Feb232011-ClarificationstoCLSAReport.pdf?openelement

bishan22      ( Date: 23-Feb-2011 09:54) Posted: Lelong below 2.50 liao. Good luck.  ozone2002      ( Date: 27-Aug-2010 16:20) Posted: personally i will enter 2.66 level there's no best entry price

 

wow... should be gg lower...
good time to re enter?

 

Lelong below 2.50 liao. Good luck. 

ozone2002      ( Date: 27-Aug-2010 16:20) Posted: personally i will enter 2.66 level there's no best entry price

 

Olam drops most since November 2008 as CLSA queries Nigeria: Update

WRITTEN BY BLOOMBERG

TUESDAY, 22 FEBRUARY 2011 17:46

Olam International dropped the most since November 2008 after CLSA Asia Pacific Markets queried the commodity supplier’s accounting and its subsidies from Nigeria, cutting the stock to a “conviction sell.” Olam shares slumped 9.3% to close at $2.63 in Singapore, the biggest one-day drop since Nov. 19, 2008. The stock tumbled as much as 10.7%. The benchmark Straits Times Index fell 1.7%.   Hung Hoeng Chow, Olam’s associate general manager, investor relations, didn’t answer two Bloomberg News calls to her office and two calls to her mobile phone. She didn’t return phone or e- mail messages.   “We are concerned about internal controls given significant differences between unaudited and audited numbers every year without any impact on the reported net profits,” CLSA analyst Swati Chopra wrote in a report dated Feb. 21.   CLSA’s report questions the sustainability of Olam’s profits from Nigeria, where the company receives an export incentive from the government. The incentive, which makes up 30% to 40% of Olam’s profits, will fall over time, Chopra wrote in the report, without giving a timeline.   Olam began operations in 1989 exporting cashew nuts from Nigeria to India, according to its Web site. It is now the African nation’s largest non-oil exporter and has “a leadership position” in raw cashew nuts, cocoa, cotton, sesame and timber, it says on its Web site.   Olam said Dec. 3 it plans to set up a US$200 million ($256.5 million) sugar- refining venture at a port in Nigeria to tap growing demand in the nation.   “We are expecting the company to release a statement later today relating to the share drop,” Ben Santoso, an analyst with DBS Vickers Securities (Singapore), said by phone today.

 

demand on commodities everywhere. with mergers and aquisitions in play, the price of commodity items could go up further.

http://sgsharemarket.com/home/2011/02/olam-commodity-mergers-to-accelerate-on-output-constraints/

 

 

$3.25!!! oh yeah!

ozone2002      ( Date: 01-Nov-2010 09:21) Posted: CHIONG AH!!! 3.15!!! make $$ ooh la la!! ozone2002      ( Date: 29-Oct-2010 15:22) Posted: 3.11..doing goo

 

Today is still a Good Day to Buy Olam.

Now Trading at $3.21.

Good luck.

alexchia01      ( Date: 01-Nov-2010 15:27) Posted: Today is a Good Day to Buy Olam. Business: Integrated Supply Chain Management of Agricultural Products and Food Ingredients; Worldwide Now Trading at $3.18. 1. In an Uptrend Channel, with Potential High of $3.50. 2. Just Bounded Off its Support Level of $3.05. 3. Price just Cross MA30 into Bullish Territory. 4. MACD has flatten and about to Reverse Up. 5. Stochastic already Crossed and Moving Upwards. 6. Revenue, Profit and Cash Flow for YoY increases and Very Good. 7. Dividend of $0.025 XD on 3 Nov 2010, but I don’t expect much negative movement. 8. STI Turns Bullish Today. This is the Best Time to Start Buying. Stop-Loss Below $3.11. Target Price: $3.50. More on my Blog at Alex Trades. This is just my personal analysis. You invest at your own risk. Good luck to all.

 

Today is a Good Day to Buy Olam.

Business: Integrated Supply Chain Management of Agricultural Products and Food Ingredients; Worldwide Now Trading at $3.18.

1. In an Uptrend Channel, with Potential High of $3.50.

2. Just Bounded Off its Support Level of $3.05.

3. Price just Cross MA30 into Bullish Territory.

4. MACD has flatten and about to Reverse Up.

5. Stochastic already Crossed and Moving Upwards.

6. Revenue, Profit and Cash Flow for YoY increases and Very Good.

7. Dividend of $0.025 XD on 3 Nov 2010, but I don’t expect much negative movement.

8. STI Turns Bullish Today. This is the Best Time to Start Buying.

Stop-Loss Below $3.11.

Target Price: $3.50.

More on my Blog at Alex Trades.

This is just my personal analysis. You invest at your own risk.

Good luck to all.

 

3.19!!!!

 

3.18 CHIONG AH!!!!!!!!!!!

 

CHIONG AH!!! 3.15!!!

make $$ ooh la la!!

ozone2002      ( Date: 29-Oct-2010 15:22) Posted: 3.11..doing good ozone2002      ( Date: 29-Oct-2010 09:43) Posted: noble chiong from 1.85 to 1.89 olam should catch up..from its oversold position..

 

Pharoah88...may I know why U splat here also?

This morning...U splat me ...as I said I was disappointed with Noble...
Today low 1.85 ...end 1.86

Then Ozone2002 said Olam chiong  ...u also splat?

hmm...pls give me ur enlightenment...sifu...

 

pharoah88      ( Date: 29-Oct-2010 10:48) Posted:

 

close mighty fine...3.13!!

oh yeah!

 

3.12...............

 

3.11..doing good

ozone2002      ( Date: 29-Oct-2010 09:43) Posted: noble chiong from 1.85 to 1.89 olam should catch up..from its oversold position..