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Ramping up its capex
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ozone2002
Supreme |
29-Oct-2010 09:43
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noble chiong from 1.85 to 1.89 olam should catch up..from its oversold position.. |
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ozone2002
Supreme |
27-Oct-2010 16:01
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Olam technically oversold will look at it when it falls to below $3.. |
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bishan22
Elite |
15-Oct-2010 10:59
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Olam International, Buy S$3.23 , Bloomberg: OLAM SP
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ERICHAN
Member |
15-Oct-2010 09:20
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Any good news for this counter? what's the reason for it to fly again these two days? | ||
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jchong71
Member |
24-Sep-2010 09:02
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Good news for Olam holders! SINGAPORE, Sept 24 | Thu Sep 23, 2010 7:52pm EDT (Reuters) - Singapore commodity firm Olam International (OLAM.SI) said on Friday it was in preliminary talks with France's Louis Dreyfus for a possible collaboration that could take the form of a merger. The statement came after Les Echos newspaper reported on Thursday that Louis Dreyfus was considering a merger with Olam and a listing of certain activities among possible options to expand the family-owned company. [ID:nLDE68M0YG] (Reporting by Harry Suhartono, editing by Sugita Katyal) | ||
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ozone2002
Supreme |
13-Sep-2010 14:34
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up 20c..now $3.. wow!!
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bishan22
Elite |
13-Sep-2010 10:57
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Let it run up and wait for next round for short. 
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ozone2002
Supreme |
13-Sep-2010 10:44
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look @ olam fly up 12c |
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bishan22
Elite |
31-Aug-2010 12:20
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Olam followers, i sold today to take small profit. In times like this, small gain also feel good. 
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alexchia01
Elite |
27-Aug-2010 16:27
Yells: "Catch The Stars And Ride With Them" |
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Crazy man! Jump until so high. I don't even dare to touch. |
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ozone2002
Supreme |
27-Aug-2010 16:20
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personally i will enter 2.66 level there's no best entry price |
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starry1818
Member |
27-Aug-2010 16:14
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Thanks for the link. What is the best entry price? P/s advice.
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ozone2002
Supreme |
27-Aug-2010 15:03
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would prefer to go in on pullback.. surge too much too soon for 1 day.. |
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ozone2002
Supreme |
27-Aug-2010 15:01
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Not sure how much u believe the banks' recommendation
but i'm bullish on commodities..
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starry1818
Member |
27-Aug-2010 14:54
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never notice this stock as too focus on GP. Is it too late to go in now? P/s advice. Thanks.
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ozone2002
Supreme |
27-Aug-2010 13:47
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2.71 | ||
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ozone2002
Supreme |
27-Aug-2010 10:54
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chiong ah!!! 2.67 commodities is in play...
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chyn_no
Member |
21-Aug-2010 21:55
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recently olam seems to be investing in quite a few of plants. | ||
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pharoah88
Supreme |
18-Aug-2010 21:32
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Olam invests $58m in Ivory Coast cocoa plant The commodities firm Olam is investing US $43.5 million ($58.9 million) to set up cocoa-processing and warehousing facilities in the Ivory Coast. Its cocoa-processing plant in the city of Abidjan will process cocoa beans into products such as liquor, butter and cake. The plant is expected to be commissioned by the first quarter of 2012, Olam said. By the end of its second year of operation in 2014, it is expected to produce 48,000 metric tonnes of cocoa products and achieve a turnover of US $175 million, Olam said. The primary processing facility in San Pedro will be a drying, cleaning and sorting plant along with the necessary storage facilities to ensure that Olam continues to expand and develop its role in the bean export business in the African country. The Ivory Coast is the world’s largest cocoa producer accounting for 1.3 million metric tonnes or 40 per cent of global production. |
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ozone2002
Supreme |
18-Aug-2010 14:33
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Olam International, S$2.55; BUY; OLAM SP by DBS Investing in greenfield cocoa processing facility Price Target: S$3.29 By: Ben Santoso 65 6398 7976 Olam today announced that it is investing in US$43.5m greenfield cocoa processing facility in Abidjan (US$38.5m) and a primary processing and warehousing facility in San Pedro (US$5m), Cote D’Ivoire. This would be in addition to the group’s existing cocoa processing facility in Nigeria (15,000 MT) as well as Asian operations on lease basis. The proposed facility is designed to process c.60,000 MT of cocoa beans into c.48,000 MT (80% yield) of cocoa liquor, butter and cake with a split of c.24,000 MT liquid and 24,000 MT solids. The group is targeting to employ 1:1 debt to equity ratio, implying a debt funding of c.US$22m for the project. Completion is scheduled for 1Q12; and the group is projecting a turnover of US$175m by end of FY14 , delivering EBITDA margin of 10-12%. Out of 1.3m MT of cocoa produced in Cote D’Ivoire (i.e. 40% of global production), Olam originates approximately 80,000-90,000 MT of cocoa beans annually. We understand that the new processing facility would process some of these volumes – of which the group should increase the net margin from c.2% (origination) to c.4% (processing). Hence, calculated based on the total cost of the processing facility alone, this represents 18% return. While Olam would probably be competing with its existing customers, we understand that the group had already undertaken feasibility studies to ensure adequate outlets. Having been established in Cote D’Ivoire since 1994, Olam is included in top five originators and has strong presence there, where only c.400,000 MT of cocoa beans are processed. So there is headroom for growth. Cote D’Ivoire is due for an election on 31 October 2010; and the outcome is not expected to interfere with commercial activities of the country, where c.1m farmers are dependent on the cocoa industry. Cocoa futures is currently traded on LIFFE at ￡2,085/MT. We understand that at a price range between ￡1,850/MT and ￡2,250/MT supply is being stimulated, although cocoa is still in a tricky situation with regards to long-term supply, whereby at below ￡1,800/MT, the group believes that supplies may start to come down again. We are leaving our forecasts unchanged for now, as we believe the impact of this investment is insignificant (i.e. cost is c.4% of cash & cash equivalent as at end of March 2010 and c.1.4% of our FY14 net profit expectations). Our Buy rating on the stock and TP of S$3.29 are reiterated. |
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