Singapore Stock Market News

Olam International - Hit by currency devaluation

StockFanatic
Publish date: Sat, 14 Feb 2015, 03:44 PM
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■ 2Q below, hit by currency devaluation.

■ Confectionary & beverage ingredients outperformed. Food staples & packaged foods underperformed.

Maintain HOLD for lack of catalysts. TP still at SGD2.07, 11x FY15E PER. Prefer Wilmar in sector.
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