F&N, Olam, Oxley, Frasers Hospitality, GK Goh, Imperium Crown

SINGAPORE (Dec 13): Here are some factors and stocks that could move the market this Tuesday morning:

Fraser & Neave (F&N) has acquired an additional 5.4% stake in Vietnam Dairy Products Joint Stock Company, or Vinamilk, for $709 million. This will boost its stake in Vinamilk to 16.35%. Vinamilk makes dairy products including powdered, liquid and condensed milk and yoghurt, as well as beverages like soya milk, fruit juice and tea. F&N closed 1 cent lower at $2.09.

Olam International on Monday revealed its full suppliers list, ahead of a report criticising its palm operations in Gabon. In a press release on Monday, Olam says it has been made aware of the report by US-based communications and lobbying company Waxman Strategies, working as Mighty Earth, and Gabon-based NGO Brainforest. Olam adds that it was “disappointed to see some important factual errors, and several key misinterpretations of Olam’s policies and implementation”. Shares of Olam International closed flat at $2.07 on Monday.

---

Related Stories

• Oxley Holdings to enter hotel management agreement with Langham Hospitality Group
• Fraser and Neave reports FY2024 earnings of $150.2 mil, 12.7% higher y-o-y, on broad-based growth
• Oxley Holdings subsidiary to sell 30% interest in luxury hotel at Oxley Towers KLCC

---