You are here

HOCK LOCK SIEW

Don't count Olam out just yet

The low-price commodities environment provides rich pickings for mainboard-listed companies, to buy core assets on the cheap, as they seek longer-term returns

e4565456.jpg
Olam last month broke its year-long streak of divesting non-core assets, buying instead US peanut sheller McCleskey Mills for US$176 million and Archer Daniels Midland's cocoa business for US$1.3 billion.

THE year 2014, which saw key commodities such as palm oil, sugar and cotton plunge to five-year lows, has come and gone. Yet, analysts continue to "underweight" the sector, expecting few positive catalysts in the near to medium-term.

Still, it may be premature to throw the baby out with

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom