Friday, November 17, 2023

Olam Group - It seems to have rebounded nicely from 0.83 to close well at 1.06, i think this bullish momentum may continue to trend higher! Yearly dividend is about 7 or 7.5 cents, yield is about 6.6 or 7 percent which is quite a good yield!

   Chart wise,  bullish mode!

I think she may rise up to test 1.08.

A nice breakout smoothly plus good volume we may likely see her rising up to test 1.20 than 1.30.

Not a call to buy or sell!

Pls dyodd.

We’re a leading food and agri-business, supplying food ingredients, feed and fibre to thousands of customers worldwide, from world famous brands to small family run businesses.

Our global team of employees has built leadership positions in businesses such as cocoa, coffee, cotton, nuts and spices.

Headquartered and listed in Singapore, we rank

among the top 30 largest primary listed companies in Singapore in terms of market capitalisation on SGX-ST. We are a Fortune Global 500 company and since June 2020 we have been included in the FTSE4Good Index Series.

In  January 2020, we announced a Re-organisation Plan to create distinct and coherent operating groups – ofi, Olam Agri, and the Remaining Businesses of Olam Group – to maximise long-term value on a sustained basis.

Each operating group has developed a clear Purpose, compelling vision and a differentiated strategy to capitalise on specific trends that underpin its sectors, take advantage of market opportunities, attract talent, optimise resources and invest in requisite assets and capabilities which will deliver profitable growth and build long-term value on a sustained basis.

ofi: Naturally good food and beverage ingredients and solutions

ofi offers sustainable, natural, value-added food products and ingredients and preparation for it to seek a primary listing on the London Stock Exchange, with a concurrent secondary listing on the Singapore Exchange, is underway. In conjunction with the IPO, it is intended ofi will demerge from the Olam Group (OGL).

Olam Agri: Transforming food, feed and fibre

Olam Agri is a market leading agribusiness, focused on high-growth consumption markets. The Saudi Agricultural and Livestock Investment Company (SALIC), a wholly owned subsidiary of Public Investment Fund of the Kingdom of Saudi Arabia, has invested US$1.24 billion for a 35.43% stake in Olam Agri. This creates a benchmark valuation and a strong shareholder.

Remaining Businesses of Olam

We are exploring strategic options to maximise the value of the Remaining Businesses of Olam comprising Nupo Ventures - our incubator and start-up businesses, Mindsprint - providing shared services to the operating groups, and Olam Global Holdco - which holds the de-prioritised and gestating assets.

A Taste of What We Do

Our value chain spans over 60 countries, from growing crops in our own orchards and estates, to sourcing from a global network of farmers. We operate over 80 large processing and manufacturing facilities, developing and delivering food ingredients, feed, and fibre, alongside supply chain, trading and risk management expertise to support our customers’ needs. Additionally, We market our own brands directly to consumers in Africa. 

 The listing of ipo for Saudi side still hasn't gotten the approval yet! Sgx side already approved.  This is taking longer than expected! 

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