Olam

Olam: (S$2.04) Embarking on another acquisition spree?
- Olam is looking to acquire more assets as it pushes into its next phase of growth
- With a cash hoard of $2.15b as at 2Q16, the group will be hoping to leverage on the current consolidation wave
- It is still working to derive synergies from the consolidation of its acquisitions over the past two years
- Nonetheless, Olam’s substantial shareholders have been relatively supportive of its strategy
- The counter is currently trading at 17x forward P/E and 1.24x P/B.