Singapore Stock Market News

Olam International - Small Steps

StockFanatic
Publish date: Thu, 28 Nov 2013, 02:52 PM
StockFanatic
0 10,452
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.
■ We maintain our Outperform rating on Olam, but close our ACT call and lower our PT to SGD 1.93 from SGD 2.35.

■ The investor education programme, while positive, has not had the share price impact that we expected.

■ Weak 4QFY13 earnings were in part to blame. FY14 has started more positively and delivery against goals is visible.

■ After incorporating results and new disclosure items into our model, we cut our FY14-15E adj. EPS by 21% and 17%.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment