Singapore Stock Market News
Olam International - Commodity & Currency Volatility
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Publish date: Mon, 17 Aug 2015, 06:04 PM
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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.
• Expect 2H to be weaker from seasonality, FX volatility in emerging markets & one-off restructuring charges in Uruguay. Cut EPS by 15-20% for recent movements in commodity prices & currencies.
• Maintain HOLD. Lower TP to SGD1.90 from SGD2.07, now at 9x P/E instead of 11x. Prefer Wilmar in sector.
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