Olam (O32.SG) off 0.4% at $2.62, pausing for breather after rising to two-month high of $2.70 this week, according to Dow Jones.

Selling not widespread as volume thin, indicating steady rise since late May unlikely to reverse any time soon.

Recent interest driven by commodities trader's purchase of vegetables business in US, extending acquisition spree in past months, which Morgan Stanley says should support earnings growth near term: “Near-term earnings have reasonable visibility as most of the recent acquisitions are ongoing businesses that have been tracking well.”

Morgan stanley is keeping its Overweight call, $3.16 target. Support for now tipped at 15-day moving average, last at $2.55.