Singapore Stock Market News
Olam International - Lacking catalysts
StockFanatic
Publish date: Thu, 15 Nov 2012, 12:27 PM
StockFanatic
0 10,453
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
Olam's 1Q13 results were decent. Edibles continued to hold the fort,
while industrial raw materials remained sluggish. Looking ahead, we
struggle to identify catalysts as its heavy investment pipeline implies
cash outflows and thin margins until FY15.
Core net profit met 8% of our and
consensus FY13 forecasts, which we
consider to be in line as 1Q typically
forms 5-10% of the full-year. We cut
our FY13-15 EPS to account for
margin pressure from gestating
acquisitions and lower our target
price (11x CY14 P/E, in line with
sector peers). Downgrade from
Outperform to Neutral in the absence
of near-term catalysts.
Read more '' Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
More articles on Singapore Stock Market News
Market Commentary: Record highs on trade, vaccine developments
Created by StockFanatic | Aug 26, 2020
Market Commentary: Record highs on trade, vaccine developments
Created by StockFanatic | Aug 26, 2020
Market Commentary: Data help US market end week on a high note
Created by StockFanatic | Aug 24, 2020
Market Commentary: Data help US market end week on a high note
Created by StockFanatic | Aug 24, 2020
Market Commentary: And they are back, with S&P within inches of record high close
Created by StockFanatic | Aug 13, 2020
Market Commentary: And they are back, with S&P within inches of record high close
Created by StockFanatic | Aug 13, 2020
Market Commentary: US negotiations over stimulus continue amid diplomatic tensions
Created by StockFanatic | Aug 11, 2020
Market Commentary: US negotiations over stimulus continue amid diplomatic tensions
Created by StockFanatic | Aug 11, 2020
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
CEO Morning Brief
Crypto Market Capitalisation Hits Record US$3.2 Tril, CoinGecko Says
2
RHB Investment Research Reports
3
RHB Investment Research Reports
4
SGX Market Updates
Goodwill Entertainment – Multi-Entertainment Provider – Debuts on SGX
5
RHB Investment Research Reports
First Resources - QoQ Earnings Decline Despite Stronger Output
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
