Singapore Stock Market News

Olam International - Getting a cocoa boost

StockFanatic
Publish date: Wed, 17 Dec 2014, 10:33 AM
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■ Acquires Archer Daniels Midland Company's global cocoa business for EV of US$1.3bn (S$1.7bn)

■ Olam is now the third largest cocoa processor with exposure to growing US$16bn mid-stream market

■ 11-15% accretion to FY16-18F core earnings

Maintain BUY, TP revised to S$3.15
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