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NOL
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Greenbean
Senior |
20-Oct-2010 01:50
Yells: "Live green. Let it be GREEN." |
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The Business Times October 19, 2010, 12.37 pm (Singapore time) Container traffic falls 6% at key ports: Alphaliner
SINGAPORE - Ship container volumes at the world's top nine ports fell by 6 per cent in September from the previous month, an indication of weakening demand in global trade, said market intelligence provider Alphaliner. Shanghai, Singapore, Hong Kong and six other leading container ports all reported a drop in volume after reaching this year's peak in August. 'Volumes are expected to remain weak throughout the coming four months, as the seasonally weak winter period approaches,' Alphaliner said in its weekly report. Shanghai remained the world's busiest container port by volume, beating Singapore for the sixth straight month. Hong Kong was in third place. The box shipping industry, led by giants AP Moller-Maersk and China's Cosco Holdings, continues to recover from depressed levels in 2009 when the industry slashed capacity in response to the global downturn. Analysts estimate the industry, which is closely linked to global economic growth, lost as much as US$15 billion last year as container traffic tumbled by nearly 10 per cent. -- REUTERS |
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chris168
Senior |
19-Oct-2010 23:42
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Yes upgrade ... Dow bad I hope it will not affect sentiments for NOL tomorrow.
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Sept11
Veteran |
19-Oct-2010 22:53
Yells: "Buy high sell higher! " |
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Sorry, my broker email quoted wrongly. Screwed up. So do u vested?
"It earned US$282.3 million ($368.5 million) in third quarter net profit compared to a US$139 million loss a year ago. The profit was ahead of analyst estimates of US$166.67 million."
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amyear76
Member |
19-Oct-2010 22:48
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I told u 19th Oct rite...
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Sept11
Veteran |
19-Oct-2010 22:38
Yells: "Buy high sell higher! " |
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BT: NOL returns to the black in Q3 on higher revenue 7.19 pm Neptune Orient has profit as container rates jump 41% Please note that the NOL result was announced after market closed. Tomorrow this counter will in one of the TOP GAINER list..... |
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thulasiappan
Senior |
19-Oct-2010 20:29
Yells: "Just a Beginner in trading" |
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NOL Group reports US$282 million third-quarter profit US$421 million - Turnaround from 3Q 2009; revenue 55% higher SINGAPORE, 19 OCTOBER 2010 – NOL Group today reported net earnings of US$282 million for the third quarter of 2010, a US$421 million turnaround from the US$139 million net loss in the third quarter of 2009. NOL said revenue in the third quarter improved 55% to US$2.4 billion. The Group has now reported net earnings of US$283 million through three quarters of 2010. It lost US$530 million during the same period last year. “Strong demand and an improved rate environment have helped us turn around our performance,” said Group CEO Ronald D. Widdows. “Our emphasis at this point is on operating efficiency and cost containment to ensure that we maintain our momentum.” The Group’s Core EBIT (Earnings Before Interest and Taxes) for the third quarter was US$319 million compared to a Core EBIT loss of US$115 million in the same quarter a year ago. For the first three quarters in 2010, Core EBIT was US$359 million compared to a Core EBIT loss of US$468 million for the first three quarters of 2009. Related News http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4050FD9E5C88901D482577C1003AEE9A/$file/NOL_Q3_2010_Results_Press_Release.pdf?openelement |
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Blastoff
Elite |
19-Oct-2010 20:29
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Unaudited Quarterly Financial Information for the 3rd Quarter ended 17 September 2010. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4050FD9E5C88901D482577C1003AEE9A/$file/NOL_Q3_2010_Results_Press_Release.pdf?openelement |
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Greenbean
Senior |
18-Oct-2010 14:48
Yells: "Live green. Let it be GREEN." |
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Target Price: See sept11 post on 15.10
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Blastoff
Elite |
18-Oct-2010 14:45
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Any target price stated?
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Bluevaio
Senior |
18-Oct-2010 14:38
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Neptune Orient Lines (NOL) was upgraded to "outperform" from "neutral" at Credit Suisse. | ||||
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Greenbean
Senior |
18-Oct-2010 11:50
Yells: "Live green. Let it be GREEN." |
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Thanks lowchia for the NOL weekly analysis updates. NOL is currently not highly priced at current STI level isnt it? NOL 2.07 / STI 3204 @ 11:49 . Overbought? Wonder . |
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lowchia
Veteran |
17-Oct-2010 00:09
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On Friday, NOL re-tests the resistance at $2.10 and closed at $2.08 with HIGH volume of 21 million shares traded. A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought). Both RSI & MACD are bullish as RSI continue to trend upwards. Important Resistance of NOL: $2.10 Immediate Support of NOL: $2.03 Currently prices are supported by the technical/ 20 days MA at $2.03. NOL failed to breakout of $2.10 resistance despite high trading volume on Friday. This is a bearish signal as the long upper shadow affirms that investors prefer to take profit ahead instead of pushing it higher. SEE ANALYSIS FOR YANLORD In coming week, we would see if NOL can breakout of $2.10 with high volume for trading opportunities. Otherwise we would prefer buying near 200 days MA if possible |
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blood_elfik
Member |
16-Oct-2010 16:12
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Shipping is dynamic and there are plenty of forces pulling both ways. But this week, the contradictions seem to have come to the fore. As container shipping enters an early winter lull, some major Asia-Europe liners are planning capacity cuts but others are planning to deploy super post-panamaxes in December. If liner discipline cracks, rates are only going to go lower but at the moment we are giving the carriers the benefit of the doubt. In the tanker sector, China’s future oil imports from Ghana promise to expand tonne miles but the ESPO pipeline threatens the reverse. And while bulk rates dropped last week, there has been a sharp recovery in property sales in the major cities of China. This can only mean that stronger steel production and iron ore imports lie ahead. We are OVERWEIGHT on containers but NEUTRAL on dry bulk and UNDERWEIGHT on tanker shipping. Our Outperform recommendations include Pacific Basin (TP: HK$7.35), Precious Shipping (TP: THB20), NOL (TP: S$2.25), and BLTA (TP: Rp680). _______________________________ [url=http://prepaidcardtoday.com/singapore.html]Debit cards in Singapore[/url] |
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Sept11
Veteran |
16-Oct-2010 10:44
Yells: "Buy high sell higher! " |
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28 Oct10
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amyear76
Member |
15-Oct-2010 22:42
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They are reporting 3rd Qtr results on the 19th Oct rite, just to comfirm.. | ||||
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chris168
Senior |
15-Oct-2010 17:12
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Snail crawl ... but not complaining as long as it is UP! | ||||
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Greenbean
Senior |
15-Oct-2010 17:03
Yells: "Live green. Let it be GREEN." |
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Must have mistaken to be cruise liner, makan angin. Next port of call 2.16 waiting, ne. | ||||
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chinastar
Senior |
15-Oct-2010 16:20
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no summon for speeding in the ocean.
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Greenbean
Senior |
15-Oct-2010 10:20
Yells: "Live green. Let it be GREEN." |
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Full steam ahead, desu.
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Greenbean
Senior |
15-Oct-2010 10:16
Yells: "Live green. Let it be GREEN." |
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eh... how? whistle already blow. must go-go. | ||||
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