Our preliminary analysis has revealed key insights about OLAM GROUP LIMITED's performance and market presence. Here‘s a summary of our findings:
OLAM GROUP
64202
Other holding companies
Wholesale trade of a variety of goods without a dominant product
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This is only a preview of the TrustScore results for OLAM GROUP LIMITED, showcasing a few facets of its business that we have analysed.
Established Stage
A established brand is one that has achieved a strong, recognisable presence in its market or industry. These brands are well-known, trusted and often considered as key brands in their space. They have a significant loyal customer base, a clear and consistent identity, and a proven track record of success and growth.
The company's address in use by other companies, may raise concerns about the company's credibility and legitimacy. OLAM GROUP LIMITED is relatively new, having been operational for less than a year. Companies that have been established for a longer period of time are generally considered more reliable and trustworthy.
OLAM GROUP LIMITED has no presence on career platforms and provides no public information about its work environment or employee satisfaction. This lack of transparency may indicate less focus on employee well-being or difficulty in attracting talent, potentially impacting OLAM GROUP LIMITED's long-term success.
The company is not blacklisted by CaseTrust, which is a positive indicator of its credibility. The company is not on the MAS Enforcement List, which is a positive indicator of its compliance with financial regulations.
OLAM GROUP LIMITED may not have accessible contact information online, which dilutes engagement and credibility. The company has no official business profile on major search engines. This absence makes it difficult for potential customers to verify the company's legitimacy or get in touch, potentially raising suspicions about its credibility.
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Sign In to ContinueOlam is a leading agribusiness group supplying food, ingredients, and feed for up to 22,000 customers worldwide. The group’s value chain spans more than 60 countries and includes farming, processing, and distribution operations. Sales fell by 12.1% year on year for 2023 to S$48.3 billion. The group also saw a sharp 52% year-on-year increase in finance costs while its share of profits from associates plunged by nearly 93% year on year. The result was a 55.7% year on year fall in net profit to S$278.7 million.
21 March 2024
Singapore's Olam Group said on Friday it is targeting the IPO of its agricultural unit by the first half of 2024, and the commodity trader reported an 88.8% fall in first-half profit on lower crop yield from its almond orchards in Australia. The company said in May it did not expect the dual listing of Olam Agri in Singapore and Saudi Arabia to be completed in the first half of this year as initially planned. The company previously said it plans to list its Olam Food Ingredients unit as part of a business overhaul. The listing will take place after Olam Agri's IPO, the company reiterated on Friday.
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.
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