date:Aug 30, 2013
ncertainty and increased volatility could impact the sector, Olam said in a statement.
The company had dropped its target to achieve a $1 billion net profit by 2016 and has shifted to a slower growth path after an attack by short-seller Muddy Waters last year sent its stock and bond prices tumbling.
Olam has a 12-month forward price-earnings ratio of 9.0, compared to an average of 17.2 for 115 companies in the food and staples retailing sector in developed Asia Pacific. ($1 = 1.2783 Singapore