Singapore Stock Market News

Olam International - Positives priced in

StockFanatic
Publish date: Sat, 30 Aug 2014, 12:42 PM
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4QFY6/14 results in line. Revenue down 11.4% YoY but operational profit up 1.5% YoY.

Raise EPS by 9-14% for lower gearing and cost of borrowing. Also raise TP to SGD2.52 from SGD2.35 (13x FY15E P/E).

Trading at 15% premium over peers. Maintain HOLD.
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