Shares & Derivatives
Noble Group stock: my analysis
By Singapore Stocks Investing (SSI)  •  April 7, 2014
Noble Group has rallied so many percentage points so much so that I thought it is like Ezion Holdings which rocketed up and up in its stock price in Ezion’s heydays. The news which prompted the stellar northward climb of Noble Group was nevertheless the acquisition of the agricultural business of Noble Group by a China’s business. Investor analysts reports which I have read are downplaying the “hype” of this acquisition and analysts are giving Noble Group either a “Hold” or “Reduce” call. I have expected these kind of advice and hence I have sold Noble Group regardless whether the stock continued to head north in price. For after the sales of its agricultural business, what business does Noble Group have left? The answer is Energy and Metals. These are hard commodities and in my belief, Noble’s business will thus even hinge on the economy of China now as China ......
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By Singapore Stocks Investing (SSI)
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