Tuesday, March 29, 2011

Olam International rated 'buy' by DBS

Stock Name: Olam
Company Name: OLAM INTERNATIONAL LIMITED
Research House: DBS Vickers

DBS Vickers Securities in a Mar 28 research report says: "Pursuant to the 1.3 million MT p.a. Gabon urea project previously announced on Nov 13, 2010, Olam today announced that it has now signed the Implementation and Assignment Agreement and Definitive Gas Supply contract with Republic of Gabon for a cumulative quantity of 0.75 trillion cubic feet (TCF) of natural gas for this phase of the project for a period of 25 years at a competitive fixed price.

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