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.

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.

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

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,

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.

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.

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

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.

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).

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.
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