Singapore Stock Market News
Noble Group - Positives priced in
StockFanatic
Publish date: Wed, 02 Apr 2014, 05:55 PM
StockFanatic
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However, at current valuations of 1.1x CY14 P/BV, 10% above international peers, we believe that such positives have been priced in. We downgrade Noble to Hold from Reduce, with a higher target price (now at 1.2x CY15 P/NTA, ~1 s.d. below its 5-year mean; prev. 1.1x CY15 P/NTA). De-rating catalysts are expected from weakness in its metals, minerals & ores business. Pending deal completion, we keep our FY14-16 core EPS.
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jenny Mcdonne
Post removed.Why?
2014-04-03 15:57