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OLAM_OLAM
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Peter_Pan
Supreme |
29-Aug-2013 12:16
Yells: "did you order dunkin' donuts" |
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Olam is on a downtrend, may hit 1.20 | |||||
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bishan22
Elite |
29-Aug-2013 12:08
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Ah lam.... orh orh liao. | |||||
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handongni
Senior |
29-Aug-2013 11:29
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Some unreasonable 'thumbs down' here, I will 'thumbs up' them... 
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Peter_Pan
Supreme |
29-Aug-2013 11:18
Yells: "did you order dunkin' donuts" |
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Yah maybe. More borrowings equal more debts. Higher gearing ratios.
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Octavia
Elite |
29-Aug-2013 11:12
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Think is the request for credit facility and pending result worries.
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Peter_Pan
Supreme |
29-Aug-2013 11:09
Yells: "did you order dunkin' donuts" |
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Muddy Waters strikes again? | |||||
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derekchong
Veteran |
29-Aug-2013 10:50
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Olam kena attack again. result today. |
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Octavia
Elite |
28-Aug-2013 20:57
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Recall Olam reported that they were very comfortable with their balance sheet position, in terms of their equity position as well as their debt position yet raised close to US$1.2 billion from the sale of bonds and warrants sometime in Dec 12. Surprising they are still securing more credit facility?? Notice none of the Singapore banks are involved.Prudence?? |
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Octavia
Elite |
28-Aug-2013 20:35
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Olam Secures US$400 Million Revolving Credit Facility The three-year Facility was arranged by a group of eight international banks,and is guaranteed by Olam.
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Octavia
Elite |
28-Aug-2013 09:53
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IFC approves a 5-yr US$120m loan for Olam to finance upgrades and expansion of five food processing facilities in Nigeria and India. The projects will benefit local communities by generating rural employment and creating new opportunities for small-scale farmers to sell their crops. IFC financing will support activities such as sugar milling, spice processing, flour milling, mechanical cashew processing and sesame hulling. Management notes, the IFC?s endorsement represents a vote of confidence for Olam, given the IFC?s rigorous environmental and social review of a range of Olam?s policies, procedures and management initiatives. | |||||
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biturbo
Senior |
27-Aug-2013 23:19
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Results out on thurs... | |||||
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derekchong
Veteran |
27-Aug-2013 16:43
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many red, red but this one green green . something we don't know going on. |
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interfact
Member |
27-Aug-2013 12:27
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Look for 1.10 and 80c on a longer term decline.
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stevenk
Member |
27-Aug-2013 12:24
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rebound due to short term oversold. | |||||
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biturbo
Senior |
27-Aug-2013 11:09
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Olam up :) | |||||
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beginners
Senior |
24-Aug-2013 20:10
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1.40, will hoot some . | |||||
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guoyanyunyan
Elite |
23-Aug-2013 10:42
Yells: "uncertainty always exist" |
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samson
Veteran |
22-Aug-2013 22:41
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Olam Sees Potential for Indian Sugar Exports on Rupee to SurplusBy Isis Almeida - Aug 12, 2013 1:53 PM GMT+0800
Sugar millers in India, the worldâ??s second-biggest producer of the sweetener, may seek to export product because of a record low for the Indian rupee and a fourth year of domestic surpluses, Olam International Ltd. (OLAM) said. Indian exports will probably be 500,000 to 1.5 million metric tons in the 2013-14 season, Manish Gupta, head of sugar trading at Olam India, said in an interview last week. Another one million tons will be shipped from refineries that import raw sweetener to re-export it as refined sweetener, he said. The Indian rupeeâ??s 12 percent retreat in the past six months to a record low on Aug. 6 increased revenue from dollar-denominated sugar sales. A lower rupee means prices in India are about equal to futures traded in London, boosting prospects for overseas sales. Raw sugar traded in New York gained for the past four weeks as frost last month may reduce the crop in Brazil, the worldâ??s largest producer. â??If New York rallies for some reason, on account of Brazilian rains or the frost issue and the rupee depreciates, it will give India an opportunity to export,â?? Gupta said.
Accurate ForecastSugar production in the South Asian nation will be 1 million tons higher than consumption in the season that starts Oct. 1, a fourth year of surplus, Ruchi Ahuja, an analyst at Olam in India, said in the same phone interview. India will produce 24 million tons of sugar next season, down from 25 million tons in 2012-13, considering normal monsoon rains, according to Ahuja, who correctly forecast the size of the current crop in a Sept. 4 interview. A lack of water, particularly in the countryâ??s southern states, resulted in a â??smallâ?? change in acreage, she said. Production will drop the most in Maharashtra state, by 700,000 tons, Olam estimates. Local stockpiles are 7 million to 8 million tons. An end to state curbs on the amount of sugar that millers can sell may help send domestic prices lower when the harvest starts, Gupta said. That may encourage shipments should international prices be higher, he said. Thereâ??s New York, thereâ??s the rupee, and thereâ??s the fact that we may see some reduction on the price here because of the pressure,â?? Gupta said. â??All three put together will possibly in some way create a situation of exports.â?? One reason why it may not happen is if international prices fall below local ones, he said. Sugar futures traded in New York are heading for a third year of declines, the longest slump since 1992, as supplies outpace demand. Production will be a record 10 million tons bigger than consumption in 2012-13, estimates the International Sugar Organization based in London. |
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Octavia
Elite |
22-Aug-2013 12:20
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UOB Kay Hian has Technical Sell Call. House recommends SELL with a target price of $1.425 with tight stops placed above $1.67. The stock is likely to continue to trend down as prices have been resisted by its 50-day moving average as well as its mid Bollinger band, with the lower band failing to act as support. Its negative directional index has risen and may rise correspondingly with its ADX and its MACD indicator now below its centreline. | |||||
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Obfuscate
Senior |
24-Jul-2013 09:24
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When MW publishes a piece for general consumption, all the paid clients have already read it week or months in advance. So let's put this into perspective: American Tower share price has fallen from 85+ to 74+ in last two months. http://www.bloomberg.com/quote/AMT:US meanwhile Dow and S& P500 have been setting new highs. |
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