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Neptune Orient Lines (NOL) – Uncertainties
Ahead
Phillip Securities Research Pte Ltd
1 July 2010
Market
Singapore Stock ExchangeSector
ShippingReuters
NEPS.SIBloomberg
NOL SPHOLD
(Downgraded)
Closing Price
S$2.00
12-month Target Price
S$2.03 (+1.50%)
pharoah88 ( Date: 01-Jul-2010 15:12) Posted:
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N O L pOked ? ? ? ?
nOt Ok LiaO
Blastoff ( Date: 28-Jun-2010 14:52) Posted:
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des_khor ( Date: 01-Jul-2010 14:18) Posted:
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alooloo ( Date: 28-Jun-2010 15:14) Posted:
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WHAT KIND OF STOCK IS THIS
RIGHTS ISSUE ALREADY AND USES UP ALOT OF FUNDS
NOW STILL ASKING FOR MONEY, TESTING THE INVESTORS ............................................
alooloo ( Date: 28-Jun-2010 15:14) Posted:
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is this a good news?
Why one by one set up loan facility? Are they expecting tough "future" ahead?
Blastoff ( Date: 28-Jun-2010 14:52) Posted:
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ANNOUNCEMENT OF APPOINTMENT OF PRESIDENT (EUROPE)
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_31F6D34B3DC4971848257750001C7E7A/$file/Press_Release_Appleton_and_Kerber.pdf?openelement
NEPTUNE ORIENT LINES LIMITED ESTABLISHES US$1,500,000,000 EURO MEDIUM TERM NOTE PROGRAMME
http://info.sgx.com/webcorannc.nsf/AnnouncementToday/52AF703FB221E398482577500011EE50?opendocument#
NOL OPERATING PERFORMANCE FOR PERIOD 5, 2010
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_FE1E440ADDDB29EA4825774900265544/$file/NOL_Operating_Performance_for_P5_2010.pdf?openelement
Hi Bintang,
Today NOL opened with a gap and filled a previous gap at $2.13. Based on your gap theory in what direction NOL will be heading in the coming days. I bought at $1.85. Is it wise to hold for some more time or taking profit is advisable. Can you please share your view on this.
Thanks.
It is mainly due to the chain reaction from Cosco.
Anyway when economic recover..shipping is first to boom!!
On 16/June, NOL broke through its resistance at $2.03 and closed at $2.05 with high volume of 31.3 million shares traded.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
But we would like to point out that we do not like the long upper shadow that appears for the past 2 days.
Both RSI & MACD are bullish as they are trending upwards especially today which gave a strong “up tick”
Important Resistance of NOL: $2.13
Immediate Support of NOL: $2.03
Today NOL has also rise from its “round bottom” consolidation with high volume and broke the resistance for further rally.
SEE CHARTS & ANALYSIS FOR GENTING
Currently NOL is supported at the technical/50days MA of $2.03 though the resistance at $2.13 will be hard to break. Thus we would encourage buying on dip with target price around the support level.
eh.. there was an analyst coverage on shipping lines today...
CSAV eyes return to profit and surge in liftings
Box line expects to carry about 60%more cargo in 2010 and return to the black by the end of the second quarter
CHILEAN container shipping line
In a presentation to investors, the company said that first quarter revenues had increased by 34.% to reach $1.1bn, compared to $827 in the same period in 2009. Earnings before interest, tax, depreciation and amortisation registered a $16m loss for the period, compared to a $239m loss in the first quarter of last year.
Container shipping accounted for revenues of $1.1bn and an operating loss of $44m for period, while its port operating arm, SAAM, posted revenues of $85m and an operating profit of $15m.
“During the second quarter of 2010 we expect a positive net income; returning to profitability,” it said in a statement, adding that its carrying capacity is expected by to increase by 65% between January 2009 and now.
“CSAV took advantage of opportunities and grew during the crisis, building the foundations for development in the long term.”
However, it has in the recent past come under fire from close competitors for aggressive pricing after being saved from bankruptcy by its major creditors, which included in its bailout cut-price charter rates.
The line said it expected to carry 2.9m teu this year, compared to 1.8m teu in 2007. It carried 2.2m teu in 2008.
It also outlined an ambitious fleet development plan, which will see an increase in the proportion of owned vessels.
At the beginning of this year, it operated 88 charted vessels with a total shipboard capacity of 297,520 teu, and owned eight vessels with a total capacity of 36,402 teu.
Chartered vessel will be increased to 130 by next January — representing total capacity of 482,546 teu — thereafter dropping down to 123 vessels in 2012 and 2013, while its owned tonnage would increase to 10 vessels next year, 15 in 2012 and 16 in 2013, which would have shipboard capacity of 97,714 teu and represent 17% of its total fleet.