SINGAPORE (Nov 16): DBS is maintaining its “hold” call on Olam with a lower target price of $2.01 as it believes investors will remain on the sidelines until the company delivers on its positive free cash flow targets by 2016 and successfully integrates its recent US$1.2 billion ($1.7 billion) acquisition of ADM Cocoa.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe