Shares & Derivatives
Noble Group stock: an update
By Singapore Stocks Investing (SSI)  •  February 22, 2014
Noble Group stock headed by 4.1% on 20 February 2014. With Noble Group going to announce its financial performance on 21 February 2014, I knew that the 4.1% of Noble Group stock gained on 20 February 2014 was most likely a false breakout. I mean there were no news or other announcements which could specifically catalyse this great stock performance in Noble Group. I was correct: yesterday, Noble Group stock retreated 3.9% on closing and this was not even after the earnings results of Noble Group was announced. The earnings results announcement of Noble Group came after stock markets closed and the results were disappointing to investors: Noble Group’s net profit attributable to shareholders fell to US$243.5 million, from US$471.3 million in year 2013. Sembcorp Marine closed 1% higher yesterday. With the earnings of Sembcorp Marine to be announced on 24 February 2014, we should ......
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By Singapore Stocks Investing (SSI)
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