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Brokers' Take

Published Fri, Oct 10, 2014 · 09:50 PM
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Neptune Orient Lines

Hold

OCBC Investment Research | Oct 10

Close: S$0.88

Target price: S$0.90

WE recently met up with Neptune Orient Lines (NOL) and noted that operational efficiency continues to be the key focus going forward for its liner segment, mainly through its fleet renewal programme.

Overall, we expect fleet capacity to shrink by about 5 per cent after the planned retirement of 34 chartered vessels is compl…

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