You are here

'Buy' upgrade and takeover rumours buoy NOL

Goldman Sachs report spurs fresh talk of possible merger or acquisition

NOL has posted four straight years of underlying losses but may start making profits again in 2015 due to its exposure to trans-Pacific trade from Asia to the United States, Goldman said.


TRADING activity in shipping company Neptune Orient Lines (NOL) surged to a two-year high on Wednesday, buoyed by a report from an international broking house that upgraded the stock to a 'buy' and fresh rumours of a potential takeover.

NOL, South-east Asia's biggest