Latest news with #Olam
Bloomberg
6 days ago
- Business
- Bloomberg
Olam's Shares Rise as Surging Cocoa, Coffee Sales Boost Profits
Shares of Singapore-based agricultural trader Olam Group Ltd. rose by the most since April after it reported a surge in first-half profit. Olam advanced as much as 5.7% in early trading, before paring some gains. Net income climbed to S$323.8 million ($253 million) for the six months ended June 30, compared with S$48 million in the same period last year, it said in a statement earlier Thursday.
Yahoo
17-06-2025
- Business
- Yahoo
What Southeast Asia's largest companies say about a region in flux
This year's Southeast Asia 500, Fortune's second annual ranking of the area's largest companies by revenue, is a snapshot of a region ready to take advantage of global supply chain shifts and booming industries like mining, EVs, and AI—even as U.S. tariff policy threatens to roll back some of last year's gains. Companies on this year's 500 list generated $1.82 trillion in revenue last year, up 1.7% from the year before. That lags the 4.1% GDP growth reported across the seven economies covered in this ranking: Cambodia, Malaysia, the Philippines, Indonesia, Thailand, Singapore, and Vietnam. Indonesia, the region's largest country and economy, has the largest presence on the Southeast Asia 500, with 109 companies; Thailand comes in second with 100. Measure by revenue, however, and the tiny city-state of Singapore takes the lead. Singapore-based companies generated $637.1 billion in revenue last year, just over a third of the region's total. The top five companies on this year's list were big enough in revenue terms to make last year's Fortune Global 500. They each trade in commodities, whether metals (Trafigura), oil (PTT and Pertamina), or agricultural products (Wilmar and Olam). No. 6 in revenue this year is Perusahaan Listrik Negara (PLN), Indonesia's state-owned power company. Its ranking underscores another quality of this list: Energy—whether resource extraction, power generation, or electrical transmission—is the dominant sector on the Southeast Asia 500, generating almost a third of its total revenue. Thai energy company Bangchak breaks into this year's top 20 with a 47% jump in revenue. The three most profitable companies on the Southeast Asia 500 are Singapore's 'Big Three' banks: DBS, OCBC, and UOB. DBS, the youngest of the three, takes the lead with $8.5 billion in profits. Despite predictions of a booming digital economy, tech has a small footprint on the Southeast Asia 500. Just one tech company, the e-commerce and gaming firm Sea, sits in the top 20. The next internet company, ride-hailing platform Grab, ranks much further down the list at No. 128—although it did climb more than 20 spots in 2024. But Southeast Asia can't escape the latest tech trends. The biggest revenue jump on the list belongs to Malaysian contract manufacturer NationGate Holdings, No. 243, whose sales jumped by a whopping 723% over the past year, surpassing $1 billion. NationGate's story is an AI story: As Malaysia and the region try to ride the technology with data centers and new AI startups, companies like NationGate—Nvidia's sole contract manufacturer in the region, assembling AI servers—stand to benefit. This articles appears in the June/July 2025: Asia issue of Fortune with the headline 'The biggest companies in a region in flux.' This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
12-06-2025
- Entertainment
- Time of India
‘Chatha Pacha' begins filming: A gritty wrestling drama - WWE fans assemble!
(Picture Courtesy: Facebook) The cameras have finally started rolling for 'Chatha Pacha: The Ring of Rowdies', a bold new action entertainer set in the culturally rich and chaotic backdrop of Fort Kochi. Fort Kochi meets WWE Helmed by debutant director Adhvaith Nayar, 'Chatha Pacha' is not just a movie; it's a cultural crossover. The film aims to break conventional storytelling modes, rooted in the raw energy of Fort Kochi's streets and packed with the drama of pro-wrestling, Watch: Arjun Ashokan and Lenaa to team up for 'Olam' Powerhouse cast, international music & technical brilliance The film brings together a powerhouse cast featuring Arjun Ashokan, Roshan Mathew, Vishak Nair, and Ishan Shoukath. With cinematography by Anend C Chandran and a screenplay penned by Sanoop Thykoodam, Chatha Pacha blends visual flair with narrative grit. Adding further sheen is the legendary musical trio Shankar–Ehsaan–Loy, making their debut in Malayalam cinema . The background score is by Mujeeb Majeed, and the lyrics are crafted by Vinayak Sasikumar. The action, choreographed by Kalai Kingson, promises to deliver pulse-pounding sequences, while Praveen Prabhakar handles editing. The creative look and feel are shaped by costume designer Melwy J and makeup artist Ronex Xavier, with Sunil Das managing art direction. Shankar–Ehsaan–Loy's Malayalam debut Earlier Shankar - Enhsaan - Loy announced their Malayalam debut with an Instagram note that read, 'Big news! We're excited to announce that for the first time ever, we're diving into the world of Malayalam cinema This one's got it all – Kochi's soul, WWE wrestling madness, chenda beats, and a soundtrack that's literally gonna pack a punch! Very excited to be working with producers Ramesh, Ritesh, and Shihan at Reel World Entertainment. This project is something we've never done before, and we can't wait to share it with you Title and cast announcement coming VERY soon – and trust me, you don't wanna miss this!.'
Business Times
02-06-2025
- Business
- Business Times
Stocks to watch: Grand Venture, Tung Lok, DFI, Olam, Stamford Land, Boustead, Wee Hur, OKP
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 2). Grand Venture Technology : The semiconductor company on Sunday said it had paused its proposed secondary listing on Malaysia's Bursa exchange in view of confidential talks with a third party in relation to a possible transaction which could lead to an offer for its shares. While discussions are ongoing there is no certainty that any transaction will take place, it added. The counter ended Friday 2.4 per cent or S$0.02 higher at S$0.84, before the announcement. Tung Lok Restaurants: The group posted a net profit of S$853,000 for its second half ended March, a 52.1 per cent decline from S$1.8 million in the year-ago period. For its full year, it sank into the red with a net loss of S$1.8 million, as compared to a S$2 million net profit previously. The losses came amid F&B industry woes as the group said it faced headwinds from a subdued economic outlook and softer consumer sentiment. The counter ended Friday unchanged S$0.085 before the announcement. DFI : The company said on Friday it has divested 22.2 per cent, or about 315.3 million shares in Robinsons Retail for an undisclosed sum. DFI became a significant minority shareholder in Robinsons Retail in 2018 through a share-for-share swap transaction involving Rustan Supercenters, an operator of food retail formats and supermarkets in the Philippines. Shares of DFI closed at US$2.76, up US$0.08 or 3 per cent on Friday, before the announcement. Olam : The agribusiness giant has secured a US$1.85 billion loan for general corporate purposes, said the company on Friday via a bourse filing. The loan, which was taken by Olam Agri – the company's food, feed and fibre operating group – has a three-year tenor and will be disbursed in two tranches. Shares of Olam closed 1.1 per cent, or S$0.01 higher at S$0.90 on Friday. Stamford Land : The property company on Friday reported a 14.2 per cent fall in net profit to S$17.6 million for its second half ended March, from S$20.6 million in the year-ago period. This came amid a 6.5 per cent decline in revenue, which came in at S$78.3 million as compared to S$83.8 million previously. Earnings per share stood at S$0.0119, down from S$0.0138. For the full year ended Mar 31, profit rose to S$32.8 million from S$5.9 million due to the absence of a fair value loss of S$81.5 million on investment property in the year ago period. The counter ended Friday flat at S$0.375 before the announcement. Boustead : A joint venture of Boustead Projects' wholly owned subsidiary was awarded a tender by JTC Corporation on Friday to develop an industrial facility on a land parcel under the industrial government land sales programme. The land parcel – known as Tukang Innovation Drive Plot A – spans 18,687 square metres, with a proposed allowable gross floor area of 46,717.5 sq m. Shares of Boustead closed at S$1.11, down S$0.03 or 2.6 per cent on Friday, before the announcement. Wee Hur : The property company has established a S$500 million multi-currency medium term note programme, it said via a bourse filing on Friday. The proceeds raised from notes issued under this programme will be used for the company's general corporate purposes. Shares of Wee Hur closed flat at S$0.42 on Friday. OKP : A unit of mainboard-listed infrastructure and civil engineering company OKP has won a contract worth S$258.3 million from the Land Transport Authority for the construction of new cycling path networks. OKP closed at S$0.725, up S$0.01 or 1.4 per cent on Friday, before the announcement.
Business Times
02-06-2025
- Business
- Business Times
Stocks to watch: Grand Venture, TungLok, DFI, Olam, Stamford Land, Boustead, Wee Hur, OKP
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 2). Grand Venture Technology : The semiconductor company on Sunday said it had paused its proposed secondary listing on Malaysia's Bursa exchange in view of confidential talks with a third party in relation to a possible transaction which could lead to an offer for its shares. While discussions are ongoing there is no certainty that any transaction will take place, it added. The counter ended Friday 2.4 per cent or S$0.02 higher at S$0.84, before the announcement. Tung Lok Restaurants: The group posted a net profit of S$853,000 for its second half ended March, a 52.1 per cent decline from S$1.8 million in the year-ago period. For its full year, it sank into the red with a net loss of S$1.8 million, as compared to a S$2 million net profit previously. The losses came amid F&B industry woes as the group said it faced headwinds from a subdued economic outlook and softer consumer sentiment. The counter ended Friday unchanged S$0.085 before the announcement. DFI : The company said on Friday it has divested 22.2 per cent, or about 315.3 million shares in Robinsons Retail for an undisclosed sum. DFI became a significant minority shareholder in Robinsons Retail in 2018 through a share-for-share swap transaction involving Rustan Supercenters, an operator of food retail formats and supermarkets in the Philippines. Shares of DFI closed at US$2.76, up US$0.08 or 3 per cent on Friday, before the announcement. Olam : The agribusiness giant has secured a US$1.85 billion loan for general corporate purposes, said the company on Friday via a bourse filing. The loan, which was taken by Olam Agri – the company's food, feed and fibre operating group – has a three-year tenor and will be disbursed in two tranches. Shares of Olam closed 1.1 per cent, or S$0.01 higher at S$0.90 on Friday. Stamford Land : The property company on Friday reported a 14.2 per cent fall in net profit to S$17.6 million for its second half ended March, from S$20.6 million in the year-ago period. This came amid a 6.5 per cent decline in revenue, which came in at S$78.3 million as compared to S$83.8 million previously. Earnings per share stood at S$0.0119, down from S$0.0138. For the full year ended Mar 31, profit rose to S$32.8 million from S$5.9 million due to the absence of a fair value loss of S$81.5 million on investment property in the year ago period. The counter ended Friday flat at S$0.375 before the announcement. Boustead : A joint venture of Boustead Projects' wholly owned subsidiary was awarded a tender by JTC Corporation on Friday to develop an industrial facility on a land parcel under the industrial government land sales programme. The land parcel – known as Tukang Innovation Drive Plot A – spans 18,687 square metres, with a proposed allowable gross floor area of 46,717.5 sq m. Shares of Boustead closed at S$1.11, down S$0.03 or 2.6 per cent on Friday, before the announcement. Wee Hur : The property company has established a S$500 million multi-currency medium term note programme, it said via a bourse filing on Friday. The proceeds raised from notes issued under this programme will be used for the company's general corporate purposes. Shares of Wee Hur closed flat at S$0.42 on Friday. OKP : A unit of mainboard-listed infrastructure and civil engineering company OKP has won a contract worth S$258.3 million from the Land Transport Authority for the construction of new cycling path networks. OKP closed at S$0.725, up S$0.01 or 1.4 per cent on Friday, before the announcement.
