Execution, holding risks weigh on NOL
Singapore
THE S$3.4 billion sale of Neptune Orient Lines (NOL) to France's CMA CGM was embraced by analysts with most recommending investors to take the deal but the stock price behaviour was rather au contraire.
NOL shares began the early minutes of trading with a burst of activity, jumping one Singapore cent but soon after trended downwards to close at S$1.22 - down 0.5 cent from S$1.225, its last traded price on Friday prior to Monday's trading halt pending the announcement.
The counter was the second most active with 70 million shares wort…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Sanofi Q1 profit slips on generic competition, forex effects
Toyota hits record annual output, sales on robust demand
Latest Singapore 6-month T-bill offering cut-off yield of 3.74% as applications dip
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
Nissan, Mazda roll out new models for China as they aim for comeback
South Korea readies new system to detect illegal short-selling