Neptune Orient L Rg   

NOL

 

 

NOL

Sell | $1.95

Citi keeps rating and cuts the price target to $1.60 from $1.80, based on 1.0X FY11 P/B vs 1.1X previously, to reflect rising headwinds.

The house says that while NOL’s3Q10 earnings may show strong improvement, concerns over US consumer spending trends and increased deliveries of new vessels suggest freight rates and profits in 2011 may disappoint.

 

Some from local ones:
http://blogs.straitstimes.com/2010/1/4/the-capricorn-effect

from asiaone:

What does it mean? The Capricorn or January effect refers to the tendency for stock prices to rise in the month of January. This rally has been observed over many years. It is the result of investors opting to sell their stocks before the year-end in order to claim capital loss for tax purposes. This happens in countries such as the United States where individuals are taxed for capital gains. Once the tax year passes, they will reinvest their money in the stock market again. The Capricorn effect is also attributed to individuals investing their year-end bonuses in stocks in January.

 

chyn_no      ( Date: 30-Aug-2010 21:21) Posted: Hi there, what's in for the oct "capricorn effect" ? care to share a bit more on that? HLJHLJ      ( Date: 30-Aug-2010 15:21) Posted: To buy or not, nobody knows. Just buy in parts. Personally, the market has no power. Afternoon, losing steam.... Maybe people are scared of Oct effect. Perhaps, good time to load up is after Oct for the capricorn effect. I'm just about 30% vested only. Will average up along the way. I believe the bull is still on .... Year end and 2011 1st Q will be interesting. Hope Cheong...Arh...

 

Hi there, what's in for the oct "capricorn effect" ? care to share a bit more on that?

HLJHLJ      ( Date: 30-Aug-2010 15:21) Posted: To buy or not, nobody knows. Just buy in parts. Personally, the market has no power. Afternoon, losing steam.... Maybe people are scared of Oct effect. Perhaps, good time to load up is after Oct for the capricorn effect. I'm just about 30% vested only. Will average up along the way. I believe the bull is still on .... Year end and 2011 1st Q will be interesting. Hope Cheong...Arh...

 

Yep, right.

Thanks for the advice. Hope it will go up soon. :)

HLJHLJ      ( Date: 30-Aug-2010 15:21) Posted: To buy or not, nobody knows. Just buy in parts. Personally, the market has no power. Afternoon, losing steam.... Maybe people are scared of Oct effect. Perhaps, good time to load up is after Oct for the capricorn effect. I'm just about 30% vested only. Will average up along the way. I believe the bull is still on .... Year end and 2011 1st Q will be interesting. Hope Cheong...Arh...

 

To buy or not, nobody knows.
Just buy in parts.

Personally, the market has no power.
Afternoon, losing steam....

Maybe people are scared of Oct effect.
Perhaps, good time to load up is after Oct for the capricorn effect.

I'm just about 30% vested only. Will average up along the way.
I believe the bull is still on ....

Year end and 2011 1st Q will be interesting. Hope Cheong...Arh...

 

Hmm, good time to buy now?

snooty      ( Date: 30-Aug-2010 12:25) Posted: thats very good to hear! been waiting and waiting and waiting and waiting till the cows come home.. victorf      ( Date: 30-Aug-2010 12:18) Posted: NOL is our top pick blue chip for the next round of recovery to above 3000 points...good luck :)

 

thats very good to hear! been waiting and waiting and waiting and waiting till the cows come home..

victorf      ( Date: 30-Aug-2010 12:18) Posted: NOL is our top pick blue chip for the next round of recovery to above 3000 points...good luck :)

 

NOL is our top pick blue chip for the next round of recovery to above 3000 points...good luck :)

 

pharoah88, do you think it's time now to buy NOL? P/s advice. Thanks. 

pharoah88      ( Date: 27-Aug-2010 12:43) Posted: NOL to raise $280m through 10-year bonds  @4.65% SINGAPORE The bond, priced at 4.65 per cent, is part of NOL’s US$1.5-billion ($2.03 billion) medium-term note programme, the container shipping company said. The debt paper is expected to be issued on Sept 9 and NOL will have the option to redeem them at any time after five years, it said. The net proceeds of the notes will be swapped from Singapore dollars into US dollars and used to partially finance the order for 12 new container ships announced by the company earlier this year.— Neptune Orient Lines yesterday said it would raise $280 million through a 10-year bond issue. Dow Jones

 

NOL to raise $280m through 10-year bonds  @4.65%

SINGAPORE

The bond, priced at 4.65 per cent, is part of NOL’s US$1.5-billion ($2.03 billion) medium-term note programme, the container shipping company said.

The debt paper is expected to be issued on Sept 9 and NOL will have the option to redeem them at any time after five years, it said.

The net proceeds of the notes will be swapped from Singapore dollars into US dollars and used to partially finance the order for 12 new container ships announced by the company earlier this year.— Neptune Orient Lines yesterday said it would raise $280 million through a 10-year bond issue.

Dow Jones

 

NOL  NOLING

 

I beg to differ. Low interest rates actually work to the advantage of companies, as they can expand business without too high cost of financing.

 

BONDED  10 YEARS   ?%

NOL sold S$280m worth of 10-year, SGD bonds, the latest in a series of bond sales by companies here eager to lock in long-term funding while interest rates are low.

lOw  cOnfIdence  sIgnal  ? ? ? ?

thInkIng  Of  debt  fInancIng  Instead Of  FREE  CASH FLOW  frOm  OperatIOns  ? ? ? ?

 

But looking at the candles, monday was a high wave, tuesday was a gap down hammer. It might have reached bottom if one were to look in this way. any advice?

 

Will the price dropped further tomorrow? Why it's best to shot at 1.92? Thought of buying at 1.9. Any advice? Thanks.

 

On Tuesday, NOL falls below the important support at $1.92 and closed at $1.90 with HIGH volume of 23.4 million shares traded.

Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

Both RSI & MACD are bearish as RSI continue to trend downwards.

Important Resistance of NOL: $1.92

Immediate Support of NOL: $1.87

Currently prices are supported by technical/200 days MA at $1.87. (Very Strong Support)

Today prices drops below the major support at $1.92 at HIGH selling volume which is a bearish signal.

Although the 200 days MA has been supporting the prices since Dec 2009 but we would not suggest buying now.

SEE ANALYSIS FOR OCBC


Instead we would watch if prices could hold at that level first since another round of selling will start if the support at $1.87 were to be breached.

 

staying flat at the opening, vol low, I guess people are focusing more on Genting now and forget about others.

 

On Monday, NOL rebound off the support at $1.92 and closed at $1.98 with low volume of 15 million shares traded.

A white candle sticks with long lower shadow similar to a “hammer” affirm that prices are firmly supported at the $1.92 with bargain hunters coming in at this level.

RSI & MACD are bearish though both indicators show sign of reversal.

Important Resistance of NOL: $1.99

Immediate Support of NOL: $1.92

Currently prices are supported by the technical / rising trend line at $1.92 while resisted by technical/50 days MA at $1.99.

Prices of NOL seem to be supported at $1.92 for the past 3 trading sessions.

 

As of now, NOL still maintains inside the rising trend line and any breakout of $1.99 at high volume would be deemed as a bullish sign.

SEE ANALYSIS FOR GOLDEN AGRI

 

Thus do look out any breakout at $1.99 for trading opportunities.

 

We expect good result, and the result was great, so the price dropped.

I was actually expecting a pull back in the operating performance, but the result is still good, so the price should fly.

So my logic is: the price should go an opposite direction of people's expectation, regardless of results. Let's see.