O32.SI - Olam International Limited

SES - SES Delayed Price. Currency in SGD
1.3800
-0.0100 (-0.72%)
At close: 5:04PM SGT
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Previous close1.3900
Open1.3900
Bid1.3800 x 0
Ask1.3900 x 0
Day's range1.3800 - 1.3900
52-week range1.2600 - 2.0000
Volume607,900
Avg. volume676,819
Market cap4.41B
Beta (5Y monthly)0.70
PE ratio (TTM)8.73
EPS (TTM)0.1580
Earnings date12 Aug 2020 - 17 Aug 2020
Forward dividend & yield0.08 (5.76%)
Ex-dividend date27 May 2020
1y target est1.96
  • Coronavirus slams West Africa's cashew market, some crops left to rot
    Reuters

    Coronavirus slams West Africa's cashew market, some crops left to rot

    Olivier Gore-Bi took out loans to ready his 12-acre cashew farm in Ivory Coast for harvest. In the first few months of a normal year, over 55% of all cashews would be harvested by farmers in West Africa, dried and shipped in raw form to Asian processors before being sold to consumers worldwide. Prices for raw cashews, which were already under pressure from excess supply in the last few years, tumbled after processing slowed in Asia and border closures in March stopped major buyers flying to West Africa from Vietnam and India.

  • Reuters SG

    Gunvor tests bid for commodity loans

    Gunvor Group is offering a 20bp higher margin on its latest Asia-targeted syndicated loan, in the first test of new pricing levels for the commodities sector since the coronavirus outbreak. The Swiss trader's South-East Asia unit, Gunvor Singapore, has launched a US$500m one-year refinancing with top-level all-in pricing of 190bp based on an interest margin of 115bp over Libor.

  • Singapore's Olam divides businesses into two units, eyes listings
    Reuters

    Singapore's Olam divides businesses into two units, eyes listings

    The decision follows a business review last year, and a multi-year plan announced early in 2019 to invest $3.5 billion into key growth areas, such as edible nuts, coffee and cocoa, while shedding other sectors. One unit, Olam Food Ingredients (OFI), will consist of its cocoa, coffee, edible nuts, spices and dairy businesses, the Singapore-based company said in a statement. The other, Olam Global Agri (OGA), will include grains and animal feed, edible oils, rice, cotton and commodity financial services, it said.

  • Reuters SG

    UPDATE 2-Ghana sells 200,000 tonnes of cocoa with farmer premium

    Ghana, the world's number two cocoa producer, has sold nearly 200,000 tonnes of cocoa for the 2020/21 season, with prices including a new premium to support farmers, the head of the cocoa regulator told Reuters. Ghana and top producer Ivory Coast announced in July that all cocoa purchases for the 2020/21 season must include a Living Income Differential (LID) of $400 a tonne in a bid to tackle pervasive farmer poverty.

  • Reuters SG

    Ivory Coast, Ghana to 're-examine' cocoa industry's sustainability schemes

    Top cocoa producers Ivory Coast and Ghana said on Thursday they would re-examine the cocoa industry's sustainability schemes as chocolate makers have been slow to pay the two nations a living income differential (LID) for their beans. The West African neighbours, which together produce more than 60% of the world's cocoa, introduced the $400 living income differential (LID) in July on all cocoa sales for the 2020/21 season, in a bid to ease pervasive farmer poverty. "The (chocolate) brands are focusing on their sustainability programmes at the expense of the LID.

  • Reuters SG

    Ivory Coast, Ghana strike first cocoa deals with living income premium

    LONDON/ABIDJAN, Sept 13 (Reuters) - Ivory Coast and Ghana have agreed initial deals to sell cocoa with a living income premium of $400 a tonne added to the price, in a bid to reform the way global cocoa is priced, industry sources and a government source told Reuters. French chocolatier Cemoi confirmed it had bought cocoa from Ivory Coast and paid the $400 a tonne LID, while trade sources said Sucden, Barry Callebaut, Cargill and Olam had done similar deals. "I cannot say who has bought but there is interest in the 2020/21 contracts and there are sales," said a source at the Ivory Coast Coffee and Cocoa council (CCC), an industry regulator.

  • Reuters

    RPT-India rice exports could hit 7-year low on weak demand, higher prices - industry

    India's rice exports are likely to fall to their lowest level in seven years, industry officials say, as weak demand from African countries weighs and shippers absorb the absence of government incentives that supported previous sales. Lower shipments from India will help rivals such as Vietnam and Myanmar in raising their exports, according to Indian exporters, but could also force Prime Minister Narendra Modi's government to increase buying from farmers, even as it struggles to liquidate last year's stocks. "Inventories have been piled up in Africa," said Nitin Gupta, vice president for Olam India's rice business.

  • Reuters

    India rice exports could hit 7-year low on weak demand, higher prices -industry

    India's rice exports are likely to fall to their lowest level in seven years, industry officials say, as weak demand from African countries weighs and shippers absorb the absence of government incentives that supported previous sales. Lower shipments from India will help rivals such as Vietnam and Myanmar in raising their exports, according to Indian exporters, but could also force Prime Minister Narendra Modi's government to increase buying from farmers, even as it struggles to liquidate last year's stocks. "Inventories have been piled up in Africa," said Nitin Gupta, vice president for Olam India's rice business.

  • Reuters SG

    Ivory Coast sells 1.6 mln T of cocoa export contracts by July 12 - CCC sources

    ABIDJAN, July 18 (Reuters) - * Ivory Coast's Coffee and Cocoa Council (CCC) has sold 1.6 million tonnes of cocoa export contracts by July 12 for the 2019/20 season, which begins in October, two sources at the industry regulator said on Thursday. Ivory Coast had sold 1.7 million tonnes of cocoa by the end of September last year. * Ivory Coast is expected to produce 2.2 million tonnes of cocoa for the 2018/19 season.