Noble Group has retreated to a price level below fifty cents per share with its stock price closing at $0.49 yesterday. Up to today, I think it is pretty much hard to value Noble Group stock as this is really the centre of argument of all the reports against Noble Group. Hence, I believe retail investors who buy into Noble Group do it with thinking that the price they enter is low enough for them to sell at a profit later. But such a thinking is not really strategic as we have noted how Noble Group stock went down from seventy-cents odd to sixty-cents odd to now below fifty cents per share. So how do we value Noble Group current price?
A common method will be to compare to its peer. On the SGX website, there are ten comparable companies to Noble Group based on this link. These companies ......