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Olam International
Right Timing
Right timing: STI looks able to break out
SINGAPORE (Feb 1): Although the Straits Times Index moved sideways over the past five trading sessions, the index still looks able to challenge and break out above resistance and its 200-day moving average now at 3,238.
February 01, 2019
Right Timing
Right timing: STI could break out; Wilmar to strengthen; Olam heading higher
SINGAPORE (Jan 25): The Straits Times Index looks set to challenge and perhaps break out above resistance and its 200-day moving average at 3,245. Volume has expanded, and quarterly momentum looks able to move up into a vertical rise.
January 25, 2019
Right Timing
Right timing: STI rally may encounter resistance soon
SINGAPORE (Jan 18): The rally by the Straits Times Index may encounter resistance as it approaches its declining 200-day moving average at 3,251. This may occur at a time when short term stochastics is approaching the top end of its range. The 21-day RSI
January 18, 2019
Results
Olam reports 14% lower 3Q earnings on coffee, peanuts and commodity financial services
SINGAPORE (Nov 14): Olam reported 3Q18 earnings of $20.7 million, down 14.2% from a year ago against a strong 3Q17, mainly due to lower contribution from coffee, peanuts and Commodity Financial Services (CFS). This brings 9M18 earnings to $272.6 million,
November 14, 2018
Commodities
The 6 biggest SGX-listed agriculture stocks are beating global benchmarks
SINGAPORE (Sept 4): Six of the biggest agriculture-focused stocks listed on the Singapore Exchange (SGX) are beating global agriculture benchmarks so far this year, according to data from Bloomberg and SGX.
September 04, 2018
Results
Olam's 2Q earnings down 36.4% to $94 mil on coffee and peanut business
SINGAPORE (Aug 14): Olam International says 2Q18 earnings dropped by 36.4% to $93.9 million, compared to $147.7 million in 2Q17.
August 14, 2018
Results
Olam reports 9.8% rise in 1Q18 earnings to $158 mil on lower finance costs and tax expenses
SINGAPORE (May 14): Agri-business group Olam International, which grows, trades and processes food and industrial raw materials, reported a 9.8% rise in 1Q18 earnings to $158 million from $143.8 million a year ago on reduced net finance costs and lower ta
May 14, 2018
Olam pays $3.1 mil for 29% stake in coffee & nuts JV in Spain
SINGAPORE (Apr 19): Olam International says it has paid 1.88 million euros ($3.05 million) for a 29% stake in a joint venture (JV) company with Guzman Global, the distributor of industrial raw materials as well as coffee & nuts.
April 19, 2018
Olam secures US$163 mil worth of medium-term loans
SINGAPORE (Mar 28): Olam International says it has secured a total of US$163 million ($213.4 million) in loans from Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA).
March 28, 2018
Olam eyes fish farming in Africa to tap growing middle class
(Mar 28): Olam International, one of the world’s largest food traders, is considering expanding into fish farming in Africa to tap demand from a growing and more affluent population.
March 28, 2018