Weekly Update on OLAM INTl (032)

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OLAM INTL (O32)


COMPANY DESCRIPTION


Olam International Limited engages in sourcing, processing, packaging, and merchandising agricultural products and food ingredients worldwide. The company operates in five segments: Edible Nuts, Spices & Vegetable Ingredients; Confectionery & Beverage Ingredients; Food Staples & Packaged Foods; Industrial Raw Materials, Ag Logistics & Infrastructure; and Commodity Financial Services. The Edible Nuts, Spices & Vegetable Ingredients segment offers cashews, peanuts, almonds, hazelnuts, and sesame. This segment also provides spices and vegetable ingredients, including pepper, onion, garlic, capsicums, and tomato. The Confectionery and Beverage Ingredients segment provides cocoa and coffee products. The Industrial Raw Materials segment offers cotton, wood products, and rubber products, as well as agri inputs, such as fertilizers. This segment also engages in the development of agricultural logistics and infrastructure solutions, such as special economic zones, warehouses, silos, and ports. The Food Staples and Packaged Foods segment provides rice, sugar and natural sweeteners, edible oil, dairy products, and packaged foods, as well as grains and animal feed. The Commodity Financial Services segment offers risk management solutions; market-making, volatility trading, and asset management; trade and structured finance solutions. Olam International Limited operates in 70 countries. The company was founded in 1989 and is headquartered in Singapore.

OVERVIEW

 Previous Open PriceS$ 1.95 Previous Day High/LowS$ 1.955-$ 1.94
 Previous Day Volume0.308 Previous CloseS$ 1.95
 Previous Close Date11-Aug-17 Ordinary Shares (‘000)2733 mm
 Beta0.515 Total Market Cap S$ 5328.94 mm
52 Week High/LowS$ 2.15-S$ 1.86Float18.06 %



FINANCIAL

Debt/EBITDA3.03 Cap Ex S$(110.76)mm
Total DebtS$ 5741.49mmEBITS$1888.84 mm
Enterprise ValueS$ 15966 mmTotal RevenueS$ 5910.05 mm
Total AssetsS$19298.22mmNet IncomeS$ 683.94mm
Cash & ST InvestmentsS$2655.55 mmEBITDAS$1895.01 mm


TECHNICAL CHART





Rationale Behind Signal


OLAM INTL (O32)

Stock is now bouncing from bottom on chart and may bounce if it break the level of 1.98. if we analyze daily chart of stock it has  consolidation, immediate resistance was  placed at 1.98 if it manages to sustain above this level we can expect further targets of 2.08

Suggest midterm investors to pick stock at 1.98 . Stock has a major support of 1.91.




Overlays:

Bollinger Band: Stock has crossed the mid band on 1.951 & now trading @ 1.96.
Indicator & Oscillator
MACD- MACD momentum above Signal line which is indicating bullish signal.
RSI –Relative strength Index is near 58 and sustaining above the level giving confirmation to positive trend.

Stochastic: K% Crossed D% which indicates bounce from bottom.

BUY OLAM INTL LONG CALL ABOVE 2.00 WITH SL OF 1.92 TP 2.08  WWW.777TRADES.COM




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