- Olam Group (SGX:VC2)’s long-running transformation is now entering its final phase. The group’s three main parts — Olam Food Ingredients (ofi), Olam Agri and the Remaining Olam Group (ROG) — are being separated.
- - Read this at SGinvestors.io -
Initiate Olam Group at BUY and target price of S$1.60.
- We initiate Olam at BUY, anchored on one of the most compelling restructuring and management reset stories within the Temasek portfolio.
- The key point is simple: Olam is moving from a complex agri conglomerate towards a much cleaner, scaled global ingredients platform, Olam Food Ingredients (ofi), while potentially unlocking more than S$5b of capital along the way. About S$4b has already been announced. This should help deleverage the group and, in our view, create room for meaningful special dividends.
- - Read this at SGinvestors.io -
Restructuring shaping up, cash returns to follow
- Read more at SGinvestors.io.















