|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||24.77 - 24.77|
|52-week range||18.15 - 26.12|
|Beta (5Y monthly)||0.91|
|PE ratio (TTM)||28.15|
|Forward dividend & yield||1.12 (4.29%)|
|Ex-dividend date||29 Apr 2021|
|1y target est||N/A|
Commodity trader Olam International, which is dividing its portfolio of diverse products into two new operating businesses, said on Friday that it plans to list its food ingredients segment by the first half of next year. The carve-out and separation of Olam Food Ingredients (OFI), which includes its cocoa, coffee and edible nuts businesses, and Olam Global Agri (OGA), which includes grains and animal feed, edible oils, rice and cotton, is estimated to be completed by the end of 2021. The company will decide on the venue for the listing of the food ingredients business by June or July, Chief Executive Officer Sunny Verghese said, adding that the IPO would be of "substantial size and quite significant in any exchange" in which it would be listed.
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.
Olam International Limited (SGX:O32) stock is about to trade ex-dividend in 4 days time. Investors can purchase shares...