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Execution, holding risks weigh on NOL
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Published Tue, Dec 8, 2015 · 09:50 PM
Singapore
THE S$3.4 billion sale of Neptune Orient Lines (NOL) to France's CMA CGM was embraced by analysts with most recommending investors to take the deal but the stock price behaviour was rather au contraire.
NOL shares began the early minutes of trading with a burst of activity, jumping one Singapore cent but soon after trended downwards to close at S$1.22 - down 0.5 cent from S$1.225, its last traded price on Friday prior to Monday's trading halt pending the announcement.
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