Noble Group 01 (May 08 - May 10)

[winston]

Not vested. From DBS:-

Noble Group’s 1Q10 earnings in line on annualized basis.

Gross profit margin declined to 2.9% from 3.7% on higher Energy segment contribution.

Buy call and S$3.70 TP reiterated.

[winston]

Not vested. From OCBC:-

Noble Group Ltd: Steady 1Q10 performance

Summary: Noble Group (Noble) reported a sturdy set of 1Q10 results. Revenue jumped 87.5% YoY to US$11.4b thanks to an environment of high commodity prices which offset a decline in volume. Gross profit grew 49.1% YoY to US$332.1m, while net profit increased by 27.5% to US$115.0m.

All segments posted higher revenue as the economic recovery spurred higher commodity prices. However, volumes declined on lower iron ore and carbon credit sales. Noble has been planting seeds for future growth and we expect earnings in FY10 and beyond to be fuelled by higher volumes driven by an enlarged asset base, as well as margin expansion backed by supply chain integration.

We maintain our BUY rating on the stock and lift our fair value estimate to S$3.81 (previously S$3.75). Adjustment for the 6-for-11 bonus issue would bring our fair value estimate to S$2.42. (Lee Wen Ching)

[winston]

Not vested.

Down 7.5%. I just put it on my watch-list as well.

Because Commodities are getting hit, I can afford to let this one slide for a while.

[profittaker]

thinking about 120 or... 80 ... as if it could happen.

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[winston]

Hmm... I see a "M" forming. But what do I know about TA ?

It has bounced back 1.5% already ...

[winston]

This one was down to 1.54 and it's high is 1.72. That's a 11.5% swing.

Unfortunately, I did not manage to catch this falling knife.

Do you know why you are Selling or Buying ?

[profittaker]

I think many people are rushing in market to buy... when I talk to my colleagues, their view is current market down is due "small issues" which the news has exaggerated. Their view is tikam tikam buy any stock also can make money because there isn't any real problem at all. The fear is still not enough. But what if I am wrong and they are right, and I miss the boat?

[LenaHuat]

The crowd is either mad or maddening (right)

[kennynah]

But what if I am wrong and they are right, and I miss the boat?

ferry services to sentosa casino operates almost non-stop... missed it...hop on the next one...

[winston]

NOBLE GROUP - Commodity trader Noble Group will start operating a new iron ore terminal in India that can load up to 10 million tonnes a year within the next 18 to 24 months, its chief executive said on Tuesday.

The company also plans to invest about $150 million to build its first soy crushing plant in Brazil, Valor Economico newspaper reported on Tuesday

Source: Reuters