Singapore Stock Market News

Olam International - A cracking acquisition

StockFanatic
Publish date: Mon, 08 Dec 2014, 02:49 PM
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■ Purchases McCleskey Mills Inc, the third largest US peanut sheller for EV of US$176m (S$231m)

■ Strengthens exposure to growing export and US domestic peanut markets

■ 1-4% accretions to FY15-17F earnings

Maintain BUY, revised TP of S$3.10
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