Neptune Orient L Rg   

NOL

Technical Comment from The Edge

NOL is displaying greater relative strength. While its uptrend is not particularly strong, the absence of a top formation put it ahead of other STI component stocks. Prices bounced off a rising 50-day moving average at $2.10. Quarterly momentum is maintaining its uptrend. On the other hand, ADX is falling, confirming mediocre uptrend and the DIs are neutral. Resistance at $2.28.

Wish everyone here a nice weekend 

 

 

NOL's debt is pretty high, about 21% of total assets. they have USD 1.35 BILLION DEBT. 

however looks to be a better buy than Keppel (revenue and profit drop) or semb marine (revenue and profit drop), plus PE ratio is 11 and P/book value is only 1.5x

 but i'm very wary of it's debt level.


might look to get a short term call warrant on NOL.

 

This stock experience a bullish reversal a few days ago! But will it continue its bullish trend??? 

 Read my analysis on NOL here 

 

Prefer SIA & NOL To STX  Pan Ocean & Tiger Airways - by Credit Suisse

 As we had foreseen in late 2009, the Singapore transportation

sector has generally benefitted from the V-shaped demand

recovery in 2010. Based on leading indicators, such as US ISM,

and CS expectations of decent global economic growth, we

continue to expect positive trade volume and passenger

movement in this region in 2011.

● With a soft landing in global economies, we believe 2011E could

be like 2005, and the transportation sector could further

outperform the markets. Within the Singapore transportation

sector, we remain OVERWEIGHT on container shipping and

aviation, and UNDERWEIGHT on dry bulk shipping. In Singapore,

we are positive on SIA and NOL, and more cautious on Tiger

Airways and STX Pan Ocean.

● NOL is leveraged to global trade recovery and reasonably valued

at 2011E 1.2x P/B. Demand/pricing momentum for SIA remains

positive, and the stock has underperformed its peers with below

sector-average P/B. Tiger has a good long-term growth profile

(growing ASEAN market), but valuations appear expensive.

STXPO does not look expensive, but we are negative on bulk

shipping outlook on oversupply concerns.

Make love more, don't make more enemies 

 

be careful.... trade with care !

Bluevaio      ( Date: 29-Nov-2010 12:11) Posted: though share price is going up, volume is rather low...

 

though share price is going up, volume is rather low...

 

On Friday, NOL remains trending upwards and closed at $2.19 with LOW volume of 8.43 million shares traded.

A white candle stick with LONG upper shadow similar to “shooting star” affirms to the weakness of the rally.

Both RSI & MACD are bearish as MACD recent “cross downwards”

Important Resistance of NOL: $2.32

Immediate Support of NOL: $2.14

Currently prices are resisted by 20 days MA.

Based from the charts, 200 days MA has always been a good support of NOL since Jun 2009.

SEE ANALYSIS FOR COSCO


Thus we would encourage buying near 200 days MA if possible since the current prices is too high.

On the other hand, watch for the $2.14 support if vested.

 

A good entry price is 2.12...

    Dump promptly if drops to 2.10 thereafter...

 

Wow, huge married deal done in $2.15. something brewing?

 

Glad have sold @2.28

 

Best  Reason    ? ? ? ?

TEMASEK  bUyIng    ? ? ? ?

Sept11      ( Date: 03-Nov-2010 17:03) Posted: Neptune Orient Lines (N03.SG) +5.0% at $2.30 in strong volume, container shipper +11% over last 5 days, HK-listed peers also rallying; “There is some talk of this (rise) being in anticipation of Christmas demand, but the high point has already come and gone this year; in terms of volumes, we are beyond the peak already,” says DBS Vickers analyst Suvro Sarkar. NOL’s operating data for 4 weeks ended Sept. 17 show slowdown in on-year volume growth, freight rates coming off peak, down 2.4% on-period. For reason behind rally, Sarkar says some positive earnings results may be factor, but one need look no further than the Fed, and its readiness to fire up the printing press; “with further loosening of liquidity from the U.S., people expect that will benefit trade. That’s the only news that can explain this kind of rise...it’s all macro.” Orderbook suggests $2.31 may limit upside today.

 

from  COSCO  THREAD

Deutsche Bank prefers regional shipbuilders vs shippers; says newsflow on shipbuilders likely to be more positive over next six months as dry bulk shippers continue to order, container shippers turned to profit after not ordering in past two years, says Dow Jones.

Also Deutsche Bank expects LNG/offshore orders to pick up, says between Chinese, Korean shipbuilders, “Better outperformance lies with the Chinese because of the various Chinese government support measures.”

Top buy picks are Yangzijiang (BS6.SG), Cosco Corp (F83.SG).

Reckons shipping stocks likely to struggle next six months; tips dry bulk shipping sector “to continue suffering from an oversupply situation in 2011. Hence we expect dry bulk shipping rates to correct downwards after (seasonal) run-up in 4Q.”

Adds, container shipping rates started to turn down, will continue trending down in seasonally weak 4Q. Tips long shipbuilders/short shipping pair trade, specifically long Cosco/short NOL (N03.SG).

pharoah88      ( Date: 03-Nov-2010 08:37) Posted: US  shIpments  nOt  there EU  shIpments  nOt  there WHERE  dOes  NOL  prOfIt  cOme  frOm    ? ? ? ?

 

me too...

Bluevaio      ( Date: 05-Nov-2010 14:14) Posted: Dow up 230pts..very regret to have sold this yesterday at 2.28...thought RSI is already overbought ....? Sian..when is the correction coming? Seems never correct at all, only intraday...

 

Dow up 230pts..very regret to have sold this yesterday at 2.28...thought RSI is already overbought ....? Sian..when is the correction coming? Seems never correct at all, only intraday...

 

I guess he miss the rally ma....

epliew      ( Date: 04-Nov-2010 12:59) Posted: forecasted ? or real data....   what are you trying to tell us ? pharoah88      ( Date: 03-Nov-2010 08:37) Posted: US  shIpments  nOt  there EU  shIpments  nOt  there WHERE  dOes  NOL  prOfIt  cOme  frOm    ? ? ? ?

 

forecasted ? or real data....

 

what are you trying to tell us ?

pharoah88      ( Date: 03-Nov-2010 08:37) Posted: US  shIpments  nOt  there EU  shIpments  nOt  there WHERE  dOes  NOL  prOfIt  cOme  frOm    ? ? ? ?

 

If can close unchange later... next week will be another up week...

Buzzoo      ( Date: 04-Nov-2010 12:07) Posted: Aiya drop again, another black candle

 

Aiya drop again, another black candle  

 

By April.

 

Maybe can reach 2.65