NOL: Samsung Securities initiates coverage at Buy with TP $1.50, based on 1X P/B. Says " NOL will be one of the names most positively affected by the short-term change in sentiment towards the liner sector, which we expect to begin early next year as capacity exits the system, due to its liquidity, profile, and link to the Spore govt."
Says NOL has increased exposure to growing intra-Asian trade lanes, though it still generates more than 50% of revenue from Transpacific routes " Thus, the company should benefit from any pop in rates resulting from upcoming capacity constraints, for which we see mounting evidence."
Longer term, Samsung estimates that NOL's fleet replacement program and its capacity flexibility should drive unit cost base down by around 15%. Adds, NOL's logistics operations should expand its 15% revenue contribution " and enjoy margin expansion as 2011's growth-related investments in the business platform bear fruit."
NOL shares outperform, up 3.5% at $1.04.
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NOL fundamental sucks so why it go up ?
Thinly traded, prone to manupilation. Somone desperately does not want NOL to go down. And it seems easy for him, there were times yesterday even 1 bid can also raise the price on this counter. Note that sometimes the buy & sell pairing seems to be from the same person.
Example : he might sell down in small chunks 52k, 23k, 2k, 1k, 1k, etc. in a row, then next one 88k buy up to " pretend' there is interest. Keep doing till the greedy retailers join in. He can do that the whole day cause his comission is low or non existent.
But beware, once someone sell down a good chuck, that guy will give up and run.
You may see little profit here now, but you did it correctly to short...Others who long are losing....You have the strength you see.... And in fact, this is just the beginning....
freeme ( Date: 08-Dec-2011 10:11) Posted:
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i agreed.. i still got alot to learn.. lol else i wont be here chatting lo
Isolator ( Date: 08-Dec-2011 10:03) Posted:
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When you say something like that... it only mean you still got a lot to learn.... lol
freeme ( Date: 08-Dec-2011 10:00) Posted:
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wrong pick.. NOL drop so little whereas noble, sakari and capland drop so much.. need to improve skill
Asia markets need to have recession before the whole markets can recover.... Singapore property crash down will be the indication.....
New123 ( Date: 07-Dec-2011 16:52) Posted:
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seems like always safe to get below 1 for short trading
Yup! Totally agreed! Shipping is not doing well. Yet the share prices can move up so much???
Many could be caught off-handed when the BBs start to offload..
Isolator ( Date: 07-Dec-2011 16:41) Posted:
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Markets is not crazy.... it is those who are greedy that are crazy.... lol
Mkt has gone crazy. NOL move up so much. Expect to see it retreat soon...
done-ed short!!
Isolator ( Date: 07-Dec-2011 16:07) Posted:
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If you can hold the short.... why not...
can short?
Isolator ( Date: 07-Dec-2011 14:55) Posted:
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It just hit the ceiling resistance... lol
Whats up NOL? All are bearish on the stock and now it is going up?
Who is pushing?
NOL: Not Making Bid For Hapag-Lloyd.
05 Dec 2011 12:18
Neptune Orient Lines Limited wishes to state that currently, it is not making another bid for a stake in Hapag-Lloyd. NOL evaluates investment opportunities from time to time and will make the necessary announcements when appropriate...Attachments:
NOL
Samsung starts NOL at buy, target $1.50
Samsung Securities has initiated coverage of Singapore container shipping firm Neptune Orient Lines (NOL) (NEPS.SI) with a buy rating and a target price of $1.50.
Samsung said it expects NOL to be one of the companies most positively affected by the short-term improvement in sentiment towards the liner sector, which could begin early next year due to tighter supply in the industry.
Samsung said it expects NOL to be one of the companies most positively affected by the short-term improvement in sentiment towards the liner sector, which could begin early next year due to tighter supply in the industry.
NOL has also increased its exposure to the growing intra-Asian trade lanes, which should benefit the company in the face of upcoming capacity constraints, Samsung said.
In the longer term, the brokerage said it also expects NOL’s fleet replacement programme and the flexibility it has over controlling its capacity should lower its costs by about 15%.
At 10:24 a.m., shares of NOL were 2.5% higher at $1.03, but have plunged 53% since the start of the year.
well there u see thats the rebound nows its time to sell and buy back cheaper bottom line is 80 cents .Temasek has holdings in this.
tiancai007 ( Date: 21-Nov-2011 22:01) Posted:
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dun worry when get too cheap , temasek will privatise. i want@ 88/78/68