Home
View the profile
Breaking through the resistance of $0.90.
Good for another run tml to hit $1.00.
Noble Group
Kevingoh- Admin
- Posts: 8
Join date: 2008-12-03
Commodities are getting too cheap...
Breaking through the resistance of $0.90.
Good for another run tml to hit $1.00.
Breaking through the resistance of $0.90.
Good for another run tml to hit $1.00.
bertyeo- Posts: 5
Join date: 2008-12-03
Kevingoh wrote:Commodities are getting too cheap...
Breaking through the resistance of $0.90.
Good for another run tml to hit $1.00.
cheap can be cheaper thou~~
Kevingoh- Admin
- Posts: 8
Join date: 2008-12-03
RTRS - Singapore Hot Stocks-Noble rises on UBS buy rating
SINGAPORE, Dec 3 (Reuters) - Singapore-listed commodity firm
Noble Group <NOBG.SI> rose as much as 6.9 percent on Wednesday
after UBS initiated coverage of the stock with a "buy" rating.
UBS said in a report on Tuesday that Noble's shares were
attractively priced, giving it a price target of S$1.35, after it
said the stock had fallen 63 percent since a June 2008 peak,
versus a 47 percent fall for the benchmark Singapore index.
"We believe the company is in a strong position to capture
market share," said UBS analyst Andreas Bokkenheuser.
The Reuters-Jefferies CRB index <.CRB>, a global commodities
benchmark, neared 5-½ year lows on Tuesday on fears of a long
recession hitting demand, but UBS said Noble's global reach and
economies of scale would be an advantage versus its competitors.
"Investors see Noble as a stock which may potentially bounce
back," said a local trader. "Investor sentiment towards a
potential bargain like Noble is high".
At 0357 GMT Noble
was up 5.78 percent at S$0.915.
The benchmark Straits Times Index was up 1.26 percent.
SINGAPORE, Dec 3 (Reuters) - Singapore-listed commodity firm
Noble Group <NOBG.SI> rose as much as 6.9 percent on Wednesday
after UBS initiated coverage of the stock with a "buy" rating.
UBS said in a report on Tuesday that Noble's shares were
attractively priced, giving it a price target of S$1.35, after it
said the stock had fallen 63 percent since a June 2008 peak,
versus a 47 percent fall for the benchmark Singapore index.
"We believe the company is in a strong position to capture
market share," said UBS analyst Andreas Bokkenheuser.
The Reuters-Jefferies CRB index <.CRB>, a global commodities
benchmark, neared 5-½ year lows on Tuesday on fears of a long
recession hitting demand, but UBS said Noble's global reach and
economies of scale would be an advantage versus its competitors.
"Investors see Noble as a stock which may potentially bounce
back," said a local trader. "Investor sentiment towards a
potential bargain like Noble is high".
At 0357 GMT Noble
was up 5.78 percent at S$0.915.
The benchmark Straits Times Index was up 1.26 percent.