Brokers' Take
Olam International | HOLD
Nov 17 close: S$2.16
Fair Value: S$2.30
OCBC Investment Research, Nov 17
WHILE Q1FY15 revenue eased 0.5 per cent year-on-year to S$4.3 billion, Ebitda (earnings before interest, taxes, depreciation and amortisation) fell 11.9 per cent to S$219.4 million, Olam attributed the fall to adverse price movement in its hazelnuts and dairy business, coupled with execution challenges in upstream dairy. By segments, edible nuts did better, aided by strong performance…
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