Strait Time Index the index of Singapore Stock Exchange is performing weakly considering its last 5-day performance. Its recent trading price on 1st March was SGD 3220.40.
Amidst this, there are a few stocks to watch in SGX Ma, Bestworld, OUE, Kepple Corporation, UOL group, and Olam International.
Among them, Olam International is the one which has been performing well in term of revenue generation and market reputation.
ABOUT OLAM INTERNATIONAL (SGX: O32)
LATEST NEWS ON OLAM INTERNATIONAL
FUNDAMENTAL OVERVIEW OF OLAM INTERNATIONAL
- Return on equity (ROE) 8.212
- Stock trading at current PE of 11.01
- EPS forecast S$0.16
- P/B value at 0.994
- EBITDA ratio growth of 9.062%
- Revenue growth of 16.314%
TECHNICAL OVERVIEW OF OLAM INTERNATIONAL
On the chart analysis, you can see the price is continuously increasing from the beginning of 2019. The stock has crossed the resistance level of SGD2.213 on this week. It is currently trading at S$1.990 which is the increase of around 21% considering Y-T-D (year to date) performance. The stocks’ 52-week price range is in between S$1.57-2.5.
With the new acquisition of the YTS holding its reach in the Asia market will increase and that can make it one of the best performer in the Singapore Stock market.
Below are the major support and resistance of the stock according to Fibonacci retracement.
Major support and resistance levels as below:
The MMF Solutions Takeaway
Olam International is one of the trending stock with good performance in the Singapore Stock Exchange.
A potential trader always keeps eye on the good stock to make his investment portfolio profitable. All the information provided above should be used for stock research. Use the information according to the risk tolerance and financial goal.
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