Singapore Stock Market News
Neptune Orient Lines - Better than expected
StockFanatic
Publish date: Sun, 11 Aug 2013, 11:57 PM
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We maintain Underperform on NOL,
but raise our target price (still based
on 1.1x CY13 P/BV, average since 2011)
and FY13-15 EPS forecasts back to
roughly the levels prior to our 26 July
cut. We lowered unit costs in our
model, but this was partly offset by
reduced rate assumptions. Continued
pressure on spot rates despite
industry efforts to raise them could
de-rate the stock.
Read more » Related Stocks
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