Olam another supply chain manager ( Noble)....traded volume on 17 Oct 2008 is 15,567, down -5.7%. Noble, volume was 63,865, down -13.8%! Let's scrutinise Olam's financial strength, shall we?
See Income Statement (ABOVE)
Net Profit margin of Olam: 2.05% ( Ok, seems like such razor thin margins are common in this kind of supply chain industry. See article onNoble. Risky...given the impending downturn..)
Worth of Company per share (ABOVE)
Olam's last done price is S$1. Its Net Asset Value per share is 29.66Cents. ( Hmm..we thought stocks were cheap now? Really Glam sia this stock!)
Important: The objective of the articles in this blog is to set you thinking about the company before you invest your hard-earned money. Do not invest solely based on this article. Unlike House or Instituitional Analysts who have to maintain relations with corporations due to investment banking relations, generating commissions,e.t.c, SGDividends say things as it is, factually. Unlike Analyst who have to be "uptight" and "cheem", we make it simplified and cheapskate. -The Vigilante Investor, SGDividends Team