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Good run.. can smell 1.80 coming.. hahahahaha
think 1.77 is the resistance.imo
dropped fast, rised fast. At 1.72 too high to enter
beng1102 ( Date: 27-Sep-2021 14:34) Posted:
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Daily stock movement is unpredictable, when this was 1.25 many were shouting to sell and exit the market. Now 1.73.
FATABA ( Date: 27-Sep-2021 14:02) Posted:
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Olam continue it march up ......tough to time the market esp on a gem like this
Dyodd
Dyodd
I have sold all of Olam for now and will get back later if pull back to near 1.59. I need to channel all fund to BUY Riverstone holdings. Why? Riverstone is now in a classic Bullish Three Gap Downs pattern.
Linnaeus ( Date: 23-Sep-2021 11:06) Posted:
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just my thought, at this price is still low.
if you are holding huge amount, (high profit ) can sell, why not
sell 30-50%, go down buy in, go up no worry.
newbei thing only, cheer
if you are holding huge amount, (high profit ) can sell, why not
sell 30-50%, go down buy in, go up no worry.
newbei thing only, cheer
PhillipTan ( Date: 23-Sep-2021 09:46) Posted:
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Not sure if it is wise to sell now, seems to be entering overbought territory already
expected it to go up and but did not expect it to be so strong.
CheeryVGoh ( Date: 22-Sep-2021 14:58) Posted:
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Noted with thanks, Bro Fataba
FATABA ( Date: 22-Sep-2021 14:29) Posted:
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Olam is also targetting to get into the " Premium" section of LSE - not sure what that means in terms of minimum market cap...
whooo... 1.68 with good volume
what brewing..
what brewing..
OFI is going for LSE listing which is estimate....$3B and then the STI listing too
So I wld say this can be a large listing.
Dyodd
So I wld say this can be a large listing.
Dyodd
CheeryVGoh ( Date: 22-Sep-2021 14:08) Posted:
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Is OFI very big?
FATABA ( Date: 22-Sep-2021 13:23) Posted:
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But w the listing of OFI , I dont think Olam will be into the list in the next few qtrs anyway.
Dyodd
Dyodd
CheeryVGoh ( Date: 22-Sep-2021 12:42) Posted:
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Read that Olam is in the forefront for reserve list in STI by market capitalisation.
Hence, price went up.
1) Olam
Suntec, Keppel Reit, Frasers Cpt, Netlink
Hence, price went up.
1) Olam
Suntec, Keppel Reit, Frasers Cpt, Netlink
Now that it has stabilised after the rights issue, should see an uptrend till the listing next year?
Good run w volume today .
Olam' s food ingredients unit to develop dairy processing facility in New Zealand
AGRI-FOOD giant Olam International Olam Intl: O32 0% ' s unit Olam Food Ingredients (OFI) has confirmed plans to develop a new dairy processing facility in Tokoroa, New Zealand.
The first stage of this investment development is expected to be commissioned in the third quarter of 2023, which the company said is in time for " New Zealand' s peak season" . The facility is also expected to create 50 to 60 full-time jobs when fully operational.
The development will involve the construction of a spray dryer facility that is capable of producing high-value dairy ingredients.
Olam said the Tokoroa plant will become part a global network that spans 20 major milk consumption markets that include South-east Asia, China, the Middle East and Africa.
OFI Dairy' s senior vice-president Naval Sabri said that additional facilities will be added to the plant over time to expand the range of high-value ingredient products manufactured at the site. These products will target key customer applications in dessert, bakery, beverage, and confectionery categories.
Said Mr Sabri: " This facility will complement and enhance our ability to support our global customers and meet growing consumer demand for products that are natural, nutritious and delicious.
" The Tokoroa dairy ingredients will form part of OFI' s much wider natural ingredients portfolio which includes cocoa, coffee, nuts and spices, ideal combinations with dairy for customised products such as yogurts, protein bars and ready-to-drink tea, coffee and cocoa beverages."
Credit Suisse may lose lead role on Olam Food' s London IPO
Credit Suisse AG has dropped from the roster of lead banks on an Olam International Ltd. unit&rsquo s planned London initial public offering after turning down a loan request, people with knowledge of the matter said.
The Swiss bank was set for a top role in Olam Food Ingredients&rsquo London IPO as recently as August, alongside banks including Citigroup Inc. and JPMorgan Chase & Co., said the people, who asked not to be identified as the information is private.
Credit Suisse decided not to participate in loan facilities Olam raised that month, the people said. The bank has lent to the Singapore-based agri-business firm in the past, one of the people said.
The current lineup of lead banks for OFI&rsquo s London listing includes Citigroup and JPMorgan as well as recent addition HSBC Holdings Plc -- all of which took part in the loan facilities -- and does not feature the Swiss lender, they said.
Deliberations for the London IPO are ongoing, the people said. Credit Suisse continues to have a relationship with Olam and could still end up with a role on the deal, the people said. Representatives for Citigroup, Credit Suisse, HSBC, JPMorgan and Olam declined to comment.
Credit Suisse has been stepping up its risk oversight globally after the twin hits of the Greensill Capital and Archegos Capital Management scandals. The lender has shaken up its top management, naming Rafael Lopez Lorenzo as chief compliance officer this month and appointing David Wildermuth as the chief risk officer in July.
Olam International named Citi, HSBC and JPMorgan, as well as MUFG Bank Ltd., as senior mandated lead arrangers for its three committed loan facilities totalling US$5.2 billion ($6.97 billion), according to a statement Aug 31.
The company has appointed Niall FitzGerald as the chairman for Olam Food Ingredients, it said in a statement Thursday. OFI intends to seek a primary listing on the London Stock Exchange, and a concurrent secondary listing in Singapore in the first half of 2022, according to the statement. The London listing could raise about 2 billion pounds ($3.71 billion), Reuters reported last month.