White Knight for Noble Group

As 2016 comes to an end, it is timely to review the significant developments of some of the popular stocks listed in Singapore stock exchange (SGX). Beleaguered Noble Group certainly is in the hit list as it made the headline news for all the wrong reasons. Is the company really doomed or would there be a White Knight for Noble Group?

The free fall of Noble Group’ share price represents one of the most dramatic declines in modern-day equity market. Listed in Singapore stock exchange back in 1997 and backed by China’s sovereign wealth fund, China Investment Corp (CIC), the commodity trading company used to be one of the revered stocks in SGX. Make no mistake, at one point, it was even trading at a record high of $2.40 per share back in 2004. Now languishing at $0.16, those giddy days must seem so surreal to long-term investors of Noble Group.

In fact, Noble Group was still in the elite Straits Times Index (STI) earlier this year but got booted out of the list in March 2016. Then again, being included in the prestigious STI should be the least priority for the management at this moment because there are more pressing problems to deal with.

SGX stocks

The fall from grace was not unexpected as Noble Group’s profits had [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]

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Updated: March 17, 2019 — 3:24 pm

4 Comments

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  1. Hi sgwealthbuilder,

    I have been following Noble for some time, it is my personal opinion that noble will not go back to 0.12. If you have been following Iceberg’s accusation, they like to pinpoint on Yancoal’s market valuation and that Noble is over inflating their assets (it is indeed true at that point in time). However, if you look at Yancoal’s market price now, it is 500% higher than start of the year.

    Besides, commodity prices are bullish now. Hopefully profit will show soon and it will return to a normal valuation.

    Best,
    http://www.aniontrading.com

  2. Hi AnionTrading,

    Thank you for pointing out. I may have overlooked the part on Yancoal. Will review this and write another analysis on it.
    Appreciate the research! Join me in my wealth journey!

    Regards,
    Gerald
    https://www.sgwealthbuilder.com

  3. CIC has been reducing their stake in Noble for past few years.
    Temasek has around 14% stake in Olam before the muddy waters saga.

  4. Hi Blancfable,

    Thank you for pointing this out!
    I totally overlooked it. Will write further analysis on Noble Group.
    I think this is getting real interesting!

    Regards,
    Gerald
    https://www.sgwealthbuilder.com

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