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Olam gonna cheong big soon
FTSE Russel Straits Times Index (STI) quarterly review - the next review will take place in June 2026.
alanchee ( Date: 06-May-2026 09:24) Posted:
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Gogogogo olam
Is this officially announced ?
alanchee ( Date: 06-May-2026 09:24) Posted:
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Olam will replace FLCT to become STI stock next month as its current market capitalisation has surpassed FLCT.
Gogo 1.3
if that was so, then what' s the point of the share moving up the last few days?
sorry, but wouldnt most of the proceeds be used to pay off the huge outstanding debt within the firm itself
alexvar ( Date: 05-May-2026 14:08) Posted:
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Olaim is back to ~$1.20.
Maybe it can claim $1.30 when the special dividend distribution news come from the ROG asset disposals and monetization.
Maybe it can claim $1.30 when the special dividend distribution news come from the ROG asset disposals and monetization.
Spot on ! Thanks
Alignment ( Date: 05-May-2026 10:10) Posted:
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Hussaini Saifee of Maybank Securities initiates coverage on Olam with ' buy' call and $1.60 target price
Hussaini Saifee of Maybank Securities has initiated coverage on Olam International with a " buy" call and $1.60 target price, on the premise that the agri-food company is " one of the most compelling restructuring and management reset stories within the Temasek portfolio."
" Olam is moving from a complex agri conglomerate towards a much cleaner, scaled global ingredients platform, Olam Food Ingredients (ofi), while potentially unlocking more than $5 billion of capital along the way," flags Saifee in his May 4 report.
Around $4 billion in value realisation has been announced: $3.4 billion from sale of Olam Agri, and another $0.7 billion or so from other divestments including its IT services unit Mindsprint.
If fully distributed as a special dividend, Saifee figures that Olam shareholders will enjoy a yield of 18%.
ofi, following the restructuring, should remain Olam' s core business with around $1.1 billion in ebit but yet is valued by the market at only 2.0&ndash 2.5x EV/EBIT, versus 8&ndash 15x for global peers, which looks closer to distressed pricing than a fair value, says Saifee.
" Olam is becoming leaner, simpler and more cash-return focused. Temasek portfolio precedents suggest strategic restructuring can unlock value and drive rerating," says Saifee.
Olam shares as at 11.26 am, gained 10.78% to trade at $1.13. It is up 18.95% year to date.
The analysis recently disclosed by the banks in reaching their price targets appears somewhat high level. In the interests of transparency I detail how I arrive at my $2.6 valuation.
I have the enterprise value of Olam at approximately S$16.3bn, based off a value for OFI of S$10.2bn (9.25x EV/EBIT of S$1.1bn), the combined values of Olam&rsquo s stakes in Olam Agri, ARISE, Terrascope and Outspan of S$3.65bn and other OGH of S$2.5bn.
Then, looking at net current assets of S$4.2bn which I see as effectively the current positive working capital position of OFI, I make the assumption that when OFI is eventually sold at my posited S$9.9bn it will be sold with a positive working capital position of half this amount i.e. S$2.1bn, which means that the remaining S$2.1bn is net cash.
So, S$16.3bn enterprise value plus S$2.1bn net cash, and then subtracting long term liabilities (S$7.75bn), the perpetuals (S$0.6bn) and the minority interest (S$165m), gives you an equity value of S$9.9bn. Dividing by the 3.79bn shares outstanding gets you to S$2.62 a share.
Feel free to amend the assumptions to get a different price. Personally, I feel my assumption of S$2.1bn positive working capital is conservative. I see no reason why OFI could not run as a negative working capital company (if someone has an informed view then please comment on this). Running it at, say, zero working capital would release another S$2.1bn cash which would take the value to over S$3.15 a share. But let&rsquo s call it S$2.6 to be safe.
I have the enterprise value of Olam at approximately S$16.3bn, based off a value for OFI of S$10.2bn (9.25x EV/EBIT of S$1.1bn), the combined values of Olam&rsquo s stakes in Olam Agri, ARISE, Terrascope and Outspan of S$3.65bn and other OGH of S$2.5bn.
Then, looking at net current assets of S$4.2bn which I see as effectively the current positive working capital position of OFI, I make the assumption that when OFI is eventually sold at my posited S$9.9bn it will be sold with a positive working capital position of half this amount i.e. S$2.1bn, which means that the remaining S$2.1bn is net cash.
So, S$16.3bn enterprise value plus S$2.1bn net cash, and then subtracting long term liabilities (S$7.75bn), the perpetuals (S$0.6bn) and the minority interest (S$165m), gives you an equity value of S$9.9bn. Dividing by the 3.79bn shares outstanding gets you to S$2.62 a share.
Feel free to amend the assumptions to get a different price. Personally, I feel my assumption of S$2.1bn positive working capital is conservative. I see no reason why OFI could not run as a negative working capital company (if someone has an informed view then please comment on this). Running it at, say, zero working capital would release another S$2.1bn cash which would take the value to over S$3.15 a share. But let&rsquo s call it S$2.6 to be safe.
Alignment ( Date: 24-Apr-2026 10:59) Posted:
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Clear 1.19 and go 1.3
1.18 makan up
Strong wave
Chiong la
Hello 1.3
wow, it' s flying today!
dividends are coming ??
What' s up ??
dividends are coming ??
What' s up ??
chiong ah
lets go 1.3