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Brokers' take

NOL | Buy

Mar 25 close: S$1.01

Target price: S$1.30

Goldman Sachs Equity Research, Mar 25

We continue to favour container over dry bulk given a more favourable supply-demand outlook and industry structure.

We are positive on Transpacific exposure over the next 12 months driven by higher volumes and a positive contract rate outlook (generally renewed in May).

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