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Brokers' take

Published Fri, Aug 12, 2016 · 09:50 PM
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Noble Group | Hold

Aug 12 close: S$0.148

Target price: S$0.175

DBS Group Research, Aug 12

We believe it will take time for Noble to restore confidence in its business model given negative operating cashflows, volatile profits and various credit agencies placing Noble on a negative outlook.

To overcome investor concerns, we believe the following initiatives may help to re-rate Noble:

(1) a partial or full sale of its associates and/or Level 3 assets at or above stated book value, to demonstrate the…

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