Posted by silvermansac > 2012-07-04 17:25 | Report Abuse

this ocbc always give the wrong target price Nol already 1 billon loss company, it going to sell his singapore head office in alexandera road what a hell analyst

Posted by scimitar > 2012-07-04 18:08 | Report Abuse

Analysts are paid to give report basing on what they are given! So if the data given to them are good, the report will be good. They do not look closely on what the current price.

Posted by hongche > 2012-07-06 13:08 | Report Abuse

Neptune Orient Lines Limited:
PP- 1.162
R1- 1.173
R2- 1.187
S1- 1.153
S2- 1.137
For FREE Live SGX Picks N Recommendations, Visit:-

http://sgx-nifty-live.blogspot.in/

Posted by silvermansac > 2012-07-07 18:47 | Report Abuse

Nol is going to sell its head office in singapore . Analysts are paid to give falls report.

Posted by silvermansac > 2012-07-07 18:48 | Report Abuse

Not all analysts take note

Posted by hongche > 2012-07-09 14:57 | Report Abuse

Neptune Orient Lines LTD.:-

R1- 1.158
R2- 1.182
S1- 1.143
S2- 1.132

Posted by Andrew Wong > 2014-03-04 18:55 | Report Abuse

shipping business is slowly recovering
http://awonginvestment.blogspot.com/

Posted by Lucky03 > 2014-03-04 20:00 | Report Abuse

Hi, Andrew Wong, is http://awonginvestment.blogspot.sg yours ? It appears to covers mainly Malaysia stocks, don't see anything on shipping in particular on NOL ? What's your take on NOL for FY14 ?

Posted by Andrew Wong > 2014-03-04 20:24 | Report Abuse

Lucky03, yes that's my blog which at the moment only cover investment in msia.
To me NOL is slowly recover same as all other major companies in shipping business.

Posted by Lucky03 > 2014-03-04 21:27 | Report Abuse

Thanks, Andrew. After 5 years in the doldrums and 3 years of consecutive loss and aggressive plan to cut cost and replace the fleet with larger capacity and more fuel efficient ships, I think NOL will be able to reap significant benefit if the global trade picks up more momentum this year. This is especially so if the demand closes the gap with supply or exceeds market estimate. Sounds a little bit optimistic but market tends to surprise on either extreme.

Posted by Lucky03 > 2014-03-05 02:31 | Report Abuse

The 5 Mar 2014 list for Watchlist is out. Don't see NOL in the list - http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/watchlist

The daily short sell list has dropped to around 300 lots and pool for lending reduced to about 2900 lots.

Posted by Lucky03 > 2014-03-05 12:51 | Report Abuse

I believe NOL should issue another announcement to the closure to the earlier announcement issued on Feb 25 that warned of the possibility of being put on SGX Watchlist. I will expect that there will be some details to share why they manage to 'avoid' the embarrassing fate and hopefully give a glimpse of a more positive spin.

Posted by Andrew Wong > 2014-03-05 15:20 | Report Abuse

Be patient :)
US, UK n Europe slowly recover now.
Short term risk should be the crash for Asia coming soon.
http://awonginvestment.blogspot.com/

Posted by Lucky03 > 2014-03-05 18:45 | Report Abuse

The economic growth is picking up momentum.

Breaking News
World
Story

PUBLISHED MARCH 05, 2014
Eurozone Feb business growth strongest in 2-1/2 years: PMI
PRINT |EMAIL THIS ARTICLE

Eurozone private businesses enjoyed their fastest growth rate in over 2-1/2 years last month as the region's service industry expanded quicker than initially thought, surveys showed on Wednesday - PHOTO: REUTERS
[LONDON]Eurozone private businesses enjoyed their fastest growth rate in over 2-1/2 years last month as the region's service industry expanded quicker than initially thought, surveys showed on Wednesday.
The upturn in the 18-member bloc's fortunes was again led by Germany, but the gulf between growth in Europe's biggest economy and the decline in France has only been wider once in the 16-year history of the surveys.
Markit's final Eurozone Composite Purchasing Managers' Index (PMI), which gauges business activity across thousands of companies and is seen as a good guide to economic health, was revised up to 53.3 from an initial flash reading of 52.7.
That was the eighth month the index has been above the 50 mark that separates growth from contraction and beat January's 52.9.

Posted by Lucky03 > 2014-03-06 22:34 | Report Abuse

Closed well supported.
Saw this heading on JOC today - NOL Headed Back to Black NOL Group. Don't have subscription so can't access.

https://www.joc.com/maritime-news/international-freight-shipping/nol-group/nol-headed-back-black_20140305.html

Posted by watoflos > 2014-03-07 01:43 | Report Abuse

NOL Group will return to profit this year by concentrating on its core Transpacific business and reaping the benefits of its sizeable port holdings, according to one equity analyst firm.

NOL posted a full-year loss of $76 million in 2013, compared with a $412 million loss in 2012, in part due to the improve performance of APL, its container shipping business.

Drewry Maritime Equity Research said NOL’s third consecutive annual loss in 2013 was triggered by weak freight rate market conditions and high fixed costs. However, the equity analyst now believes NOL is now in a better position to return to profitability due to its focus on the trans-Pacific trade — from which 50 percent of its liner revenue is generated — and ongoing efforts to lower its cost base.

“We expect both operating margins and return on equity to recover from historical lows in FY14 and continue on an upward trend in FY15,” said Drewry analyst Rahul Kapoor. “NOL continues to cut its costs significantly and plans to move ahead in this direction in the coming years.”

By focusing on the trans-Pacific trade NOL is also lowering its risk from Asia-Europe, according to Rajat Gupta, also an analyst at Drewry. “U.S. economic data continues to surprise positively, raising market optimism on trade recovery,” she said. “The upcoming trans-Pacific contracting is a key event for both freight and volume development and will in all earnest decide the company’s financial performance in FY14.”

Drewry also rates APL Terminals as NOL’s “hidden gem” due to it being clubbed under “Liners” in financial statements even though it generated some 7 percent of total revenue last year and is ranked 15th on the list of global terminal operators.

“APL Terminals is a major source of income and value to the group,” Kapoor said. “We argue that APL Terminals remains a hidden gem in NOL’s asset portfolio and an opportune divestment of terminal assets even while retaining control will potentially unlock and add tremendous value for shareholders.”

Posted by watoflos > 2014-03-07 01:55 | Report Abuse

Lucky03. This is what you are looking for.

Posted by Lucky03 > 2014-03-09 01:57 | Report Abuse

Thanks, Watoflos :) Now will also start paying attention to terminal growth. Overlooked
the hidden 'gem' - APL Terminal !

The next round of contracting period for transpacific shipping is May 1. The resumption of the work on the expansion of the Panama Canal should be favourable to transpacific shipping.

The trans-Pacific ocean shipping market is by far North America?s largest trade lane, accounting for nearly 20 million 20-foot-equivalent container units in the U.S. trade alone in 2012.

The market is dominated by imports by large retailers such as Wal-Mart, Target, Best Buy, Home Depot and Lowe?s, which, unlike in other markets, tend to contract directly with ocean carriers rather than through forwarders, as is typically the case in the Asia-Europe market. As a result of the one-year contracts that retailers and other large shippers typically sign as of May 1 each year, freight rates in the trans-Pacific eastbound trade tend to be less volatile than in Asia-Europe.

Key developments in the trans-Pacific include the approaching 2015 expansion of the Panama Canal and its potentially huge impact on routing of Asia goods into North America, Canadian West Coast ports? growing success in attracting U.S.-bound cargo, and West Coast ports? expected response to these competitive challenges.

Exports moving to those markets typically are lower-value commodities such as wastepaper and scrap that keep China?s manufacturing and packaging industries humming.

Posted by Andrew Wong > 2014-03-11 14:53 | Report Abuse

up approx. 6.88% in less than 2 weeks ~ Nice!!
http://awonginvestment.blogspot.com/

Posted by Lucky03 > 2014-05-03 15:57 | Report Abuse

NOL releasing Q1 result on 14 May. Hope to see sign of turning comer to profitability. By the way, the analysis at the top were dated 21/2/2014. Nobody interested to assess NOL for last 3 mths ?

Posted by Lucky03 > 2014-05-17 14:57 | Report Abuse

Sounds familiar today with Temasek going around shopping. I googled and found this below.

Why is Temasek Holdings paying $2.82 BILLION to buy back all the shares of Neptune Orient Line, when it had declared to divest itself from all ownership of viable GLC operations ?

If one is to relook at all the reported outflow of funds from Temasek Holdings for 2004 alone, one can only wonder if there is a bottomless depth in Temasek's pocket:

29 January 2004 - Temasek pay US$45million for 7.5% stake in India's Supply Chain Manager.

18 February 2004 - Temasek pay S$43.7million for an increase of 0.56% stake in India's ICICI Bank, raising its shareholdings from 6.72% to 7.28%.

3 March 2004 - Temasek pay US$765.8million for 5% stake in Malaysia's Telekoms.

(No follow-up during March 2004 to August 2004, anyone who did ? )

Temasek's NOL offer 'fair but not compelling'

HSBC advises investors to keep holdings if they are confident of long-term prospects but says those wishing to sell could do so if the market price was higher

By Nicholas Fang

TEMASEK Holdings' $2.82-billion cash offer for all the shares of Neptune Orient Lines (NOL) that it does not already own is 'fair but not compelling', said NOL independent financial adviser HSBC.

In a circular issued to shareholders yesterday, HSBC said that shareholders who wished to realise their investment in NOL immediately should consider selling their shares on the open market if they can obtain a higher price than Temasek's offer price.

However, shareholders who are 'confident of the long-term prospects of the group' were advised to retain their shares and not accept the offer.

Temasek Holdings stunned the market earlier last month when it announced its offer for NOL at $2.80 a share.

The Singapore investment company announced the offer after buying NOL shares on the open market and pushing its stake past the 30 per cent mark that triggers a mandatory takeover offer under corporate laws.

HSBC said that factors in favour of the Temasek offer included the fact that the offer price of $2.80 per share is higher than any adjusted daily closing price in the period since NOL's acquisition of its APL liner arm in 1997 up to the offer announcement date.

'The premium of the offer price over the historical share price of NOL in the observation period we have selected is in line with that of selected tender offer transactions in Singapore,' HSBC said.

However, it also noted that the adjusted daily closing price for NOL in the period since the date the offer was announced up to the latest practicable date has consistently exceeded the offer price.

The shares have closed above Temasek's $2.80 bid price every day after the offer was announced.

HSBC also said Temasek's offer valued the 36-year-old shipping line at a price-to-earnings multiple which was below the mean and median of comparable companies.

It recommended that shareholders who wished to realise all or part of their investment in NOL now, but were unable to obtain a price higher than the offer price on the open market, could consider accepting Temasek's offer.

A Temasek spokesman said yesterday: 'The opinion in the NOL circular has no new and material information on the company.

'We recommend that all NOL shareholders carefully read the independent financial adviser's opinion and the NOL board's recommendation based on the appropriate investment horizons.

'We wish to reiterate that our offer of $2.80 a share is an all-cash, firm offer, which closes on Sept 15 at 3.30pm.'

HSBC noted that NOL had said that, should APL be reclassified by the United States government as a controlled carrier if Temasek's stake in NOL edged above 50 per cent, the financial impact on NOL is unlikely to be material.

It said that NOL had told them that in the event of a loss of business due to such a reclassification, the financial impact would be immaterial as assets involved could be redeployed to serve other customers or trades.

NOL shares ended yesterday three cents lower at $2.82 per share with 3.95 million shares changing hands.

This news report was published in the Straits Times dated 3 September 2004, which will be archived after three days.