Olam International

Olam to generate positive free cash flow this year

SINGAPORE (May 16): Commodities trader Olam International is on track to generate positive free cash flow to equity (FCFE) by the end of this year, says chief financial officer Neelamani Muthukumar.

Results

Olam reports 26.6% higher 1Q earnings of $143.9 mil on improved operational performance

SINGAPORE (May 15): Commodities trader Olam International announced $143.9 million in earnings for 1Q17, representing a 26.6% increase from $113.6 million in the previous year.

Broker's Calls

Olam’s earnings potential to ripen in the medium term

SINGAPORE (March 1): DBS Vickers Securities is maintaining its “hold” call on Olam International while lifting its target price to $2.12 from $1.94 previously.

Results

Olam swings back to profitability in 4Q on better operational performance

SINGAPORE (Feb 28): Olam International reported 4Q earnings of $102.2 million, compared to a loss of $269.4 million last year on improved operational performance and lower exceptional losses.

In print this week

Do investors care more about earnings or the environment?

SINGAPORE (Dec 19): Olam International has become the latest target of environmental group Mighty Earth, accusing it of cutting down forests in Gabon and buying unsustainably produced palm oil from third-party suppliers.

Stocks To Watch

F&N, Olam, Oxley, Frasers Hospitality, GK Goh, Imperium Crown

SINGAPORE (Dec 13): Here are some factors and stocks that could move the market this Tuesday morning:
Olam International Co-Founder and Group CEO Sunny Verghese

Olam reveals full list of palm suppliers ahead of critical NGO report

SINGAPORE (Dec 13): Calling itself a “small player” in third-party palm oil sourcing, Olam International on Monday revealed its full suppliers list, ahead of a report criticising its palm operations in Gabon.

Stocks To Watch

Del Monte Pacific, Trendlines, Swiber, Spackman, Olam

SINGAPORE (Dec 7): Here are some factors and stocks that could move the market this Wednesday morning:

Olam sells US$175 mil worth of fixed rate notes in private placement

SINGAPORE (Dec 6): Olam International’s subsidiary, Olam Americas, has sold US$175 million worth of five-year fixed rate notes in a private placement on Tuesday.

Asia FX

Southeast Asia currency slide inflates US$20 bil debt bil

(Nov 29): Here we go again. Southeast Asia is bracing for rising debt bills as the region’s currencies slide.
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