Will NOL have very good price upside if hold for long-term?

enter
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10 years 2 months ago - 10 years 2 months ago #18968 by enter

Will NOL have very good price upside if hold for long-term? was created by enter

Someone told me that even in STI's darkest days in March 2009 when STI was 1450, DBS was $6+, UOB was $8+, Kepcorp was $3+, Kepland was $1 etc, he said NOL was still at a very resilient 95 cts during that March 2009 STI-Darkest-Days-period.

Do you guys think NOL will have very good price upside if one is prepared to hold for long-term, meaning hold for up to 5 years

I noticed this NOL stock had been around for many
many years, NOL highest was about $7 a few years ago.

Do you guys think NOL can rise back to at least $2 within the next 5 years?

Last edit: 10 years 2 months ago by enter.

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enter
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10 years 2 months ago #19100 by enter

Replied by enter on topic Will NOL have very good price upside if hold for long-term?

no comments/views on this NOL from the forummners here??

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greenrookie
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10 years 2 months ago #19101 by greenrookie

Replied by greenrookie on topic Will NOL have very good price upside if hold for long-term?

NOL has weak balance sheet and poor operating records. The fact that they need to sell their HQ and lease back speak volume of their execution capabilities when major liners are still raking in profits, although smaller.

If you think the sector is turning around soon, yes, definitely it is a good cyclical play for the longer term, as shipping is a strategic business, and it is highly unlikely that Temseask will leave it to die...

But if you are buying, make sure you have enough ammo to accumulate if it fall further, we do not know when the shipping cycle will bottom.

The might be rights issues, placement etc..

Also remember to get off the ship when the market turn, it is not something you can go sleep with

(not vested, I rather buy YZJ for exposure to shipping sector, although there will be a time lag in recovery, since it is in shippbuilding sector)

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pine
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10 years 2 months ago #19179 by pine

Replied by pine on topic Will NOL have very good price upside if hold for long-term?

HOLD on valuation grounds

In our FY14 forecasts, NOL’s ROE is still unattractive to shareholders at 3.0% and will thus trade at a discount. We derive a fair value of S$0.97 (previous: S$0.95) based on a forward PBR of 0.93x, which is at 1.5 s.d. below its historical two-year average. We upgrade to HOLD on valuation grounds.

-- OCBC Inv. Research

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pine
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10 years 2 months ago - 10 years 2 months ago #19234 by pine

Replied by pine on topic Will NOL have very good price upside if hold for long-term?

Neptune Orient Lines (NOL), suffered the ignominy yesterday of announcing it has come close to being placed on a watch-list by the Singapore Exchange (SGX) as it has recorded pre-tax losses for three consecutive financial years. Only NOL's market capitalisation is keeping it off the embarrassing list, according to SGX rulings.

Last edit: 10 years 2 months ago by pine.

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enter
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10 years 2 months ago - 10 years 2 months ago #19237 by enter

Replied by enter on topic Will NOL have very good price upside if hold for long-term?

One big question is the economic and shipping industry condition during the global market crash of late 2008 to march 2009 better than currently 2014??

Becos the strange part is why is NOL's share price higher during that global stock market doomsday period during Oct 2008 till march 2009 period compared to currently.

During that Oct 2008 till March 2009 STI 1400s days, NOL only very briefly fell a few cents below $1 and very swiftly rose back to above $1.10 when STI was still 1400-1500.

Last edit: 10 years 2 months ago by enter.

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