News: Olam International Ltd (OLMIF.PK)
16 May 2013
Thu, May 16 2013
SINGAPORE - Singapore-listed commodity firms Olam International Ltd , Noble Group Ltd and Wilmar International Ltd are cutting capital expenditure, making more selective acquisitions and seeking partnerships to weather volatile markets.
SINGAPORE, May 16 - Singapore-listed commodity firms Olam International Ltd, Noble Group Ltd and Wilmar International Ltd are cutting capital expenditure, making more selective acquisitions and seeking partnerships to weather volatile markets.
SINGAPORE, May 15 - Singapore commodities firm Olam International Ltd reported a 10 percent rise in third-quarter net profit on Wednesday, helped by a strong performance in its food staples and packaged food business.
Singapore shares rose, with Olam International Ltd gaining after the Singapore-based agricultural commodities company announced a joint venture with Sanyo Foods.
BANGKOK, May 9 - Most Southeast Asian stocks gained in light trading on Thursday, with telecoms leading the Thai index to a new high, while Singapore rose to its highest close in more than five years as positive earnings hopes boosted Olam International Ltd. The Thai SET index was up 0.4 percent at 1,621.12, the highest close in more than 19 years, with shares in telecoms group Shin Corp Pcl, the most actively traded, climbing 1.7 percent on expectations it would be added to the MS
SINGAPORE, May 9 - Singapore shares rose to their highest in more than five years on Thursday, encouraged by global data and Wall Street's extended record run.
* Aims to turn free cash-flow positive in 2014, one year ahead of target
SINGAPORE, April 25 - Singapore state investor Temasek Holdings Pte Ltd said on Thursday it was comfortable with Olam International Ltd's credit position and its longer-term prospects.
SINGAPORE, April 25 - Olam International Ltd , propped up by Singapore state investor Temasek Holdings after worries mounted over its high debt, said it will halve its capital spending in 2014 to 2016, cut its stake in an urea plant in Gabon and reduce its debt levels.
* Investors want Olam to scale back heavy debt-fuelled spending