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Published Wed, Feb 24, 2016 · 09:50 PM
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Neptune Orient Lines | Accept offer
Target price: S$1
Feb 24 close: S$1.25
OCBC Investment Research, Feb 24
Neptune Orient Lines Ltd's (NOL) Q4 2015 core earnings (liner business) remained in the red but net loss narrowed. Looking ahead, we believe the muted outlook will persist due to weak global economic outlook and overcapacity of containerships which will exert pressures on already low freight rates. We are keeping o…
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