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'Buy' upgrade and takeover rumours buoy NOL

Goldman Sachs report spurs fresh talk of possible merger or acquisition

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NOL has posted four straight years of underlying losses but may start making profits again in 2015 due to its exposure to trans-Pacific trade from Asia to the United States, Goldman said.

Singapore

TRADING activity in shipping company Neptune Orient Lines (NOL) surged to a two-year high on Wednesday, buoyed by a report from an international broking house that upgraded the stock to a 'buy' and fresh rumours of a potential takeover.

NOL, South-east Asia's biggest...

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