You are here

Noble Group's shares and bonds continue in freefall

Analysts cut their target price for its stock; some ask about Noble's ability to continue as a going concern
Saturday, May 13, 2017 - 05:50

BT_20170513_NOBLE_2884879.jpg
Noble's founder Richard Elman says the company might regain profitability in FY 2018/19, but analysts say it may take longer.

Singapore

SHARES in Noble Group continued their free fall on Thursday, as analysts hurriedly slashed their target price for the stock following the firm's shock loss for the first quarter.

Its bonds followed a similar trajectory, tumbling on fears that the commodity trader might

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom