Olam Group stock reports aquaculture expansion plans in Nigeria
Published on 10/08/2026 at 02:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Olam Group stock (ISIN SGXE65760014) was last at SGD 0.96 on the Singapore Exchange on October 7, 2026, up 2.66 percent from the prior close, with 3,502,400 shares traded. The latest company-linked development came from Nigeria, where Olam pursued an NYSC partnership to expand aquaculture training, farm support and youth enterprise programs, as TVC News reported on October 7, 2026.
Olam expands aquaculture operations
Olam Nigeria said about 200 corps members already work with the business, while a research and development institute for aquaculture has been completed in Ilorin. Another factory is under construction in Asaba, and the proposed partnership would support training and deployment to farmers across Nigeria.
The initiative sits within Olam's broader agricultural and food platform. The group owns 100 percent of ofi, holds an 18.19 percent interest in Olam Agri and is planning further divestments within Olam Global Holdco, according to Olam Group.
H1 profit includes disposal gains
Olam reported profit attributable to owners of SGD 1.9 billion for H1 2026, up 488.7 percent year over year. The comparison reflects disposal gains linked to the restructuring, so the headline increase is not a like-for-like measure of continuing operations.
The operating picture was more subdued. Revenue from continuing operations fell 18.3 percent to SGD 12.5 billion, while profit from continuing operations dropped 66 percent to SGD 55.6 million, according to Yahoo Finance. That gap leaves asset sales and capital efficiency central to the investment case rather than treating the PATMI increase as recurring earnings growth.
Stock remains below yearly high
Olam Group's share price stood 34.25 percent below its 52-week high of SGD 1.46 and SGD 0.15 above its 52-week low of SGD 0.81 on October 7, 2026. Market capitalization was SGD 3.6 billion on the same date.
A published consensus lists one analyst with a Strong Buy rating and an average, high and low 12-month target of SGD 1.45. At SGD 0.96, that target lies 51.0 percent above the share price, according to Investing.com.
Olam Group stock trades on SGX
The company is listed on the Singapore Exchange under ticker VC2 and is a component of the iEdge Singapore Next 50 index. Its business spans food ingredients, agricultural commodities and related supply chains, while the current figures show a clear split between restructuring gains and underlying operating performance.
Key facts on Olam Group stock
- Company: Olam Group Limited
- ISIN: SGXE65760014
- Ticker: VC2
- Trading venue: Singapore Exchange
- Price (as of October 7, 2026, 5:09 p.m. SGT): SGD 0.96
- Market capitalization: SGD 3.6 billion (as of October 7, 2026)
- 52-week range: SGD 0.81-1.46 (as of October 7, 2026)
- Sector / Industry: Consumer Staples / Food and Staples Retailing
- Index membership: iEdge Singapore Next 50
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