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Olam’s earnings potential to ripen in the medium term

Michelle Zhu
Michelle Zhu3/1/2017 03:07 PM GMT+08  • 2 min read
Olam’s earnings potential to ripen in the medium term
SINGAPORE (March 1): DBS Vickers Securities is maintaining its “hold” call on Olam International while lifting its target price to $2.12 from $1.94 previously.
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SINGAPORE (March 1): DBS Vickers Securities is maintaining its “hold” call on Olam International while lifting its target price to $2.12 from $1.94 previously.

The supply chain manager and processor of agricultural products and food ingredients on Wednesday reported 4Q earnings of $102.2 million, a reversal from its loss of $269.4 million in the previous year. However, its core profit of $70.8 million still came in below the research house’s expectations on higher taxes.

(See also: Olam swings back to profitability in 4Q on better operational performance)

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