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  "documentTitle": "Olam International Ltd. (SGX:O32)",
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  "authorName": "Carson Block",
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  "presentationDate": "2012-11-27 00:00:00",
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  "notes": "The text highlights failures in Olam's China initiatives, contrasting them with the company's stated goals.",
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      "text": "Olam’s repeated failure to manage small projects provides investors vital clues about its ability to manage more complicated and expensive projects.",
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      "text": "Loss after Taxation: (18,096,404)",
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      "text": "Between FY2006 and FY2007, Olam started three 100% owned subsidiaries in China. The quality of Olam's business decisions is evident: Olam Dalian was deregistered during FY2009. The Olam Shandong operation is selling its factory.",
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      "text": "Four of the China initiatives Olam has announced in the past six years either never got off the ground, or have been significantly scaled down or wound up. Olam's repeated failure to manage small projects provides investors vital clues.",
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      "text": "On February 7, 2007, Olam announced two joint ventures with Chinatex, a state-owned commodity trader. The joint ventures were a S$21.1 million deal for a 35% stake in Chinatex subsidiary CTGO.",
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      "text": "Source: Ranona Ltd. audited financials (Ranona Ltd. is the operating subsidiary of Kayass)",
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      "text": "145 http://www.xiemaowang.com/detail/56313630210.html",
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      "text": "Income statement table showing Turnover, Cost of Sales, Gross Profit, SG&A, Net Loss, Interest Charges, Other Income, Exceptional Loss, Loss before Taxation, Taxation, and Loss after Taxation for CY 2011 and CY 2010 in NGN and SGD.",
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      "text": "Shouldn't China be Easier than Africa?",
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      "text": "Kayass / Ranona Income Statement",
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