对Olam我的一点看法1。长期看，我觉得这个是牛股，虽然从去年上市时的8毛涨倒现在1.9，涨了两倍，但是目前股票市场整个牛市，这个股的涨势还很好，跌下来的可能性很小
昨天跳高，量也是不小的，估计会继续涨，但是看它能否挑战1.968的高点，创新高，如果创了新高，这个股涨势会不错。
大楷能涨多高，这个我不是很清楚，我目前主要是看技术分析，技术分析看的多的是趋势。对基本分析还没怎么研究，请一些基本分析的高手给这个股的高点给点意见。
2.这个股筑底时用了尽4个月，个人感觉挺强的，筑底时的换手率也是挺高的，如果换手后走高，可能是大众对这个股票的看法比较乐观
以上看法完全是自己个人的看法，我目前对自己的看法还没有完全的信心，做决定还是请按照你自己的看法来。
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转一份四月份UOB的分析, 分红在即
BY UOBKAYHIAN
Tuesday, April 11, 2006
HOLD
Olam International
Premium Rating Already Reflected In The Price
S$1.71
Olam is a globally integrated supply chain manager of agriculture products and food ingredients in over 41 countries. Its strategy is to procure commodities primarily from Farm Gate farmers, unlike most of its competitors who source their products further down the chain. Sourcing from the Farm Gate farmers allow Olam to reap wider margins, as Olam can better meet customer requirements eg by location-specific quality, or by organic products certification.
Concept to aim for leader position is sound. Olam aims to be amongst the top 3 players globally in each of its product segments. Olam targets a market share exceeding 10%, in the belief that a leadership position offers better pricing control, hence enhancing margins.
Hedging reduces earnings volatility. Olam's strategy is to hedge its exposure to commodity price changes as much as possible, through the use of futures instruments. However, Olam is not involved in speculative trading. Hence, the risk of substantial earnings fluctuations is low.
Strong fundamentals but valuation is rich relative to peers. Despite our expectations of FY06 and FY07 net profit expansion of relatively good 31.0% and 20.2% respectively, we are initiating coverage with a HOLD call. This is because Olam trades at a premium over its peers. Noble Group and Li & Fung, which are larger than Olam in terms of turnover and market capitalisation, trade at much lower PE ratios. Our fair price for Olam of S$1.63 is based on 24x FY07 PE. Buy below S$1.45.
Tuesday, April 11, 2006
HOLD
Olam International
Premium Rating Already Reflected In The Price
S$1.71
Olam is a globally integrated supply chain manager of agriculture products and food ingredients in over 41 countries. Its strategy is to procure commodities primarily from Farm Gate farmers, unlike most of its competitors who source their products further down the chain. Sourcing from the Farm Gate farmers allow Olam to reap wider margins, as Olam can better meet customer requirements eg by location-specific quality, or by organic products certification.
Concept to aim for leader position is sound. Olam aims to be amongst the top 3 players globally in each of its product segments. Olam targets a market share exceeding 10%, in the belief that a leadership position offers better pricing control, hence enhancing margins.
Hedging reduces earnings volatility. Olam's strategy is to hedge its exposure to commodity price changes as much as possible, through the use of futures instruments. However, Olam is not involved in speculative trading. Hence, the risk of substantial earnings fluctuations is low.
Strong fundamentals but valuation is rich relative to peers. Despite our expectations of FY06 and FY07 net profit expansion of relatively good 31.0% and 20.2% respectively, we are initiating coverage with a HOLD call. This is because Olam trades at a premium over its peers. Noble Group and Li & Fung, which are larger than Olam in terms of turnover and market capitalisation, trade at much lower PE ratios. Our fair price for Olam of S$1.63 is based on 24x FY07 PE. Buy below S$1.45.
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