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NRA Capital Pte Ltd

Written by: jinshu

Thursday 2 Feb 2017

Noble Group Limited - Company note

Potential turnaround in 2017?

Noble is expected to book a one-off hefty gain from the sale of assets in December. Hence, the company is likely to report profitable 2016 results. With improved liquidity, the company may be in a positive to take advantage of more buoyant commodity prices in 2017. Our view is that Noble may have bottomed provided that commodity prices remain robust and thus assign a preliminary Overweight rating.

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