Olam: DBS maintains Buy with $3.60 target. Sees current share price weakness as an opportunity to accumulate. Notes recent US$1.5b Gabon invmts are large by Olam's standard; and represent a departure from its "bite size" investments in recent past. Says preliminary calculations show that these projects could potentially boost Olam’s value by 25%. But makes no changes to forecast yet, as financial closure for the fertiliser plant is not expected until Sep11;...
while sales of CPO and PK from oil palm plantation would not contribute meaningfully until FY16F.
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