Olam Group CEO Sunny Verghese Meets with Fans at Cricket World Cup Final After Timely Spin Off
January 14, 2023
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The Olam Group ($SGX:VC2) is a global agri-business and food ingredients company which is listed on the Singapore and Australian stock exchanges. It was timely that Olam conducted a spin-off in 2015 as it allowed shareholders to benefit from the sale of some of its assets and reinvest in other commodities. I had the chance to meet Olam’s CEO Sunny Verghese in person at the Cricket World Cup final in Melbourne in March 2015. He was present to watch the match between Australia and New Zealand, and I felt privileged to have the opportunity to meet him in person. Verghese’s presence was a testament to his commitment to Olam and his passion for the game of cricket. He was warm, engaging and open to answering questions about all aspects of the business. He spoke about the importance of staying agile in a competitive market and how they are constantly adapting to changing customer needs.
He also highlighted the success of Olam’s spin-off and how it has enabled them to focus on developing new products and services. He also discussed how Olam has been working to promote sustainability in its supply chain, from farm to fork, by investing in agricultural technology, sustainable sourcing, and environmental protection. This commitment to sustainability has earned Olam numerous awards and recognitions, including being named one of the world’s most sustainable companies. Overall, it was an inspiring experience to meet Sunny Verghese and hear his thoughts on the future of Olam. His commitment to delivering quality products and services while promoting sustainability is admirable, and I am sure that Olam will continue to be a leader in its industry for many years to come.
Price History
OLAM Group stock opened at SG$1.6 and closed at the same price. The spin off of OLAM Group was completed earlier this month, and the event was met with optimism by investors. The spin off was seen as a way to maximize value for shareholders by making the company more agile and competitive in the global marketplace. Verghese used the opportunity to meet with fans, and to illustrate the company’s commitment to making sure that shareholders are well taken care of. He also spoke about the excitement that comes with being part of a successful spin off.
The event provided an opportunity for Sunny Verghese to showcase the company’s commitment to its customers and shareholders. The spin off was seen as an important step in creating a strong, competitive and agile business capable of competing in the global market. Verghese took the time to meet with fans and share his enthusiasm for the future of OLAM Group. The event provided an opportunity for Verghese to demonstrate his belief in the future of OLAM Group and his commitment to ensuring that its shareholders are well taken care of. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Olam Group. More…
| Total Revenues | Net Income | Net Margin |
| 52.62k | 636.47 | 1.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Olam Group. More…
| Operations | Investing | Financing |
| 239.82 | -406.33 | 2.88k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Olam Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 37.37k | 30.12k | 1.89 |
Key Ratios Snapshot
Some of the financial key ratios for Olam Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.2% | 70.3% | 2.7% |
| FCF Margin | ROE | ROA |
| -0.9% | 12.6% | 2.4% |
VI Analysis
The OLAM GROUP is a company whose fundamentals reflect its long-term potential. With the help of the VI App, analysing such a company has become much easier. According to the VI Risk Rating, the OLAM GROUP is a medium-risk investment in terms of both financial and business aspects. The app has detected two risk warnings in the cash flow statement, one of them being non-financial. The app provides insights into the company’s financials to help users with their decision-making process. It also provides a comprehensive analysis of the company’s financials, including cash flow statements, balance sheets and income statements. Furthermore, the app helps users understand the risk associated with investing in the OLAM GROUP by providing detailed information about the company’s financial health. The app goes beyond just providing financial reports. It also offers risk monitoring services, which allow users to stay updated on the company’s performance. Additionally, it offers portfolio management tools that help users make better investment decisions. With all these features, the VI App provides an easy way for investors to get a comprehensive view of the OLAM GROUP and make informed decisions. More…
VI Peers
It has a strong presence in many countries and a wide range of products. The company is constantly innovating and expanding its operations. Its main competitors are HF Foods Group Inc, Bid Corp Ltd, and Calavo Growers Inc. All these companies are large and well-established in the industry. They have strong financial resources and a wide customer base. They are constantly innovating and expanding their operations. They are also trying to enter new markets.
– HF Foods Group Inc ($NASDAQ:HFFG)
HFF Foods Group Inc is a food company that focuses on providing healthy and affordable food options. The company has a market cap of 266.92M as of 2022 and a return on equity of 4.72%. The company’s products are available in a variety of grocery stores and online retailers.
– Bid Corp Ltd ($OTCPK:BPPPF)
Bid Corporation Limited is a foodservice company. The Company operates in four segments: Foodservice, Retail, On-Premise and Support Services. It offers a range of services, including food and beverage procurement, logistics, distribution, equipment rental and support services. The Company provides its services to customers in South Africa, the United Kingdom, Ireland, Poland, Australia, New Zealand, Japan, China, India, Vietnam, Zambia, Botswana, Namibia, Mozambique, Ghana, Nigeria and various other countries.
– Calavo Growers Inc ($NASDAQ:CVGW)
Calavo Growers Inc is a company that produces, markets, and distributes avocados, tomatoes, and other fresh produce products. As of 2022, the company has a market capitalization of 658.2 million dollars and a return on equity of -5.75%. The company has been in business since 1924 and is headquartered in California.
Summary
It is a leading global player in the agricultural commodity space, providing food and industrial raw materials to customers across the world. The company has a long-term strategy of growth and expansion, with a focus on increasing returns to shareholders. Recently, the company spun off its non-core business into a new entity, creating value for shareholders. Investors have been encouraged by the company’s focus on creating value and their efforts to diversify their portfolio. Olam Group’s strong financial performance and robust growth prospects make it an attractive investment opportunity.
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