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what
louis_leecs mean is that world largest shipping line Marsek lines took a 30% stake in Tanjong pelapas in JB
Mersk...............
Wah louis_leecs your england very chim cannot understand. How is NOL going to hit denmark m? What is denmark m?
termasek going to merger nol with germany shipping co,,,,,,,it a good deal,,,,,it a chance to hit denmark,,,m... ,we remenber m gang with johor port to challenge,,,,psa,,,,,,,.....now is time to hit back use our resourse from shipping nol and singapore psa with other party to over hit back denmark m ,,,,,,to show that it is their big mistake to gang with johor port,,,,,,and chance to diversify the sharevalue of NOL....CHEER,,,,,,BUY CALL,,,,,,ACCUMULATE TIME...
NOL is on offee.....Do any see ST pape.? Gee.....
U can find such basic info from SGX website... that is free and available for all.
Is NOL strong in Dividend pay out?
Slight chance of bottoming out
Please head north. I am still having -6.28%.
Is NOL undervalue now?
With the oil price easing:
http://www.finotec.com/commodities/oil-news.php
this counter should have reached the bottom and would make a U turn soon.
Hopefully.
TP has been raised to $3.80 by UBS. CIMB's tp is $3.30. Interesting!
Anyone wants to comment?
Although it rose today, it is too early to say that the trend has reversed. Adopt a wait and see approach.
Baltic Dry Index -295 7654
TUI AG, Europe's largest travel company and owner of the Hapag-Lloyd shipping line, denied a report that it is in merger talks with NOL.
"There are no negotiations going on between us and Neptune," TUI spokesman Robin Zimmermann said.
French newspaper La Tribune reported in its Jan 10 edition that TUI CEO Michael Frenzel was negotiating a merger with NOL and had visited S'pore several times in recent weeks, citing a person close to shareholders. The French newspaper said that a merger proposal would help explain a financing operation announced Jan 9 by TUI, involving the sale of bonds exchangeable for part of its stake in TUI Travel to raise ?450m ($953.3m). It also said a TUI spokesperson denied that any negotiations were taking place. Shippers including AP Moeller-Maersk A/S have consolidated in recent years to cut costs and add capacity.
short term avoid this counter due to fear of recession in US and high oil price....cut my losses last week and look for other attractive counter.
Good luck.
high oil price will reduce the profit of this counter.
Vested... seems like tis counter pretty hard to shine back abv S6 for the next 6mths...
TA charts look weak. Acc/Dist and Chaikin downtrending.