Olam

Olam: Citi maintains Buy with $3.10 TP. House note of Co’s Key Takeaways from US NDR. House note that discussion points with investors in the US revolved around three key points – 1) Olam’s exposure to Europe and its contingency plans there; 2) cash flow generation from 2014 onwards and thus avoidance of further equity raising till 2016; and 3) its ability to execute on its aggressive acquisition pipeline.