Neptune Orient Lines (NOL SP), Southeast Asia’s biggest container carrier, gained 0.6% to $1.66. The company and nine other container lines agreed to raise rates for US-Asia shipments from Sept. 1, according to an e-mailed statement from the Westbound Transpacific Stabilization Agreement.
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dcang84
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10-Aug-2009 21:44
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Yes, most definitely long term. When the economy makes a turn for the better, most companies would rebound by then. The rate at which sectors would recover will differ. leaving my investment in NOL would mean foregoing potentially better returns elsewhere. As far as AIG is concerned, it is heavily sedated with American taxpayers money. Under such state, delusional behavior of a sudden windfall is expected. 
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Tek2009
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10-Aug-2009 12:19
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agree the economic can't be V-sharp and it's never happened in any economic crisis!!! also expect that NOL will continue to lose moneny until next year. But the fact is that NOL has 1) Cash; 2) SGP Goverment support; 3) 8 cents devidend 4) share price much less than NAV. For a long-term investor, I still believe it's worth to invest at this point when most of guys has pessimistic view at this counter. Usually, when the economic is confirmed up, you've already miss the best price of NOL unless you are full-time trader. :) So many examples in the market... how about AIG? suddenly it earn moneny lah... sorry,it's just my view... |
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dcang84
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10-Aug-2009 10:32
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They are looking at a V shaped recovery but just look at BDI. BDIY:IND BALTIC DRY INDEX 08/07 Currency: USD
Value for BDIY:IND
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des_khor
Supreme |
09-Aug-2009 16:25
Yells: "Tell me who is the God or MFT from this forum??" |
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MFTs try to unload their stakes.... bleed so much still can up TP ??? both eyes paste stamp! | |||||||||
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iPunter
Supreme |
08-Aug-2009 13:38
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Those who bought @1.61 yesterday will be chuckling loud all the way to the bank... 
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Tek2009
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07-Aug-2009 12:48
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Citi and Philip poems recommand to call "BUY" and target $2.0 | |||||||||
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des_khor
Supreme |
06-Aug-2009 10:21
Yells: "Tell me who is the God or MFT from this forum??" |
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Where got....share still up... haha... | |||||||||
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dcang84
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06-Aug-2009 10:16
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Wow, this is serious bleeding. Second quarter losses were not as bad.
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dealer0168
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06-Aug-2009 08:12
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Neptune Posts Third Consecutive Loss as Trade Slows (Update1) By Chan Sue Ling Aug. 6 (Bloomberg) -- Neptune Orient Lines Ltd., Southeast Asia’s largest container carrier, posted its third consecutive quarterly loss as the global recession pummeled trade and freight rates. The company posted a net loss of $146 million in the second quarter, compared with a net income of $76 million a year earlier, it said in a Singapore stock exchange statement today. Revenue fell 38 percent to $1.39 billion in the period. Neptune Orient carried 19 percent fewer containers in the last quarter as European and U.S. consumers pared purchases amid the deepest recession in half a century. Chief Executive Officer Ron Widdows took a pay cut, idled ships and accelerated cost cuts after freight rates sank to the lowest level in six years. “It won’t be easy for them to raise rates,” said Alfred Low, an analyst at Phillip Securities Research Pte in Singapore. “The challenge now is excess capacity.” The stock fell 1.7 percent to S$1.69 in Singapore trading yesterday. The results were released before the market opened for trading. Of the 18 analysts tracked by Bloomberg, 11 are recommending that investors sell the stock, three with “buy” calls, with the remainder having “hold” ratings. Depressed Conditions “Business conditions remain depressed,” Widdows said in a statement today. “This continued to impact our financial performance.” Global trade may shrink 10 percent this year, the most since World War II, due to sluggish demand, according to the World Trade Organization. Container lines worldwide could rack up $10 billion of losses this year, Lloyd’s List said, citing Mitsui O.S.K. Lines Ltd. President Akimitsu Ashida. Widdows, who became chief executive last year, took a 20 percent cut in basic pay voluntarily from March, while non- executive directors have accepted a 20 percent reduction in their fees. The company aims to more than double its cost- savings target for the year to as much as $550 million. For the year, Neptune Orient may post a loss of $518.5 million, according to the median forecast of 10 analysts surveyed by Bloomberg. That would be the biggest loss in at least 20 years, according to Bloomberg data. Raising Rates Shipping companies are now trying to increase freight rates after an April attempt collapsed amid rising competition and a 20 percent drop in demand, Transpacific Stabilization Agreement, a group of 14 members including APL and China Cosco Holdings Co., said last month. Average revenue per container sank as much as $1,200 from October to May, the TSA said. In the four weeks ended June 26, Neptune Orient’s average revenue per FEU was $2,190, the lowest in at least six years according to the company’s Web site. Box-ship lay-ups may increase by 66 percent to 2 million twenty-foot containers by early next year, said Anthony Randall, Australian sales director at the container unit of A.P. Moeller- Maersk A/S, the world’s biggest mover of boxes by sea. Ships with a combined capacity of 800,000 containers are due to be delivered in the second half of this year, followed by a further 1.7 million boxes’ worth in 2010, he said last month. “While liners may have seen the worst, a rapid recovery is not on the cards due to shaky global consumption and a large inventory overhang,” Rigan Wong and Horng Han Low, analysts at Citigroup Inc. wrote in a July 20 report. “Any significant hike in rates is likely to be eroded due to vessel overcapacity.” |
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el7888
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06-Aug-2009 08:03
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NOL Posts First Half Net Loss of US$391 million Singapore, 6 August 2009: Global container shipping, terminals and logistics group Neptune Orient Lines (NOL) today announced a net loss for the first half of 2009 (1H09) of US$391 million, compared with a net profit of US$196 million for the same period of 2008 (1H08). For the second quarter of 2009 (2Q09), NOL recorded a net loss of US$146 million. At the Core EBIT level NOL posted a loss of US$353 million for 1H09. Revenue for 1H09 was down year-on-year by 37% to US$2.931 billion. |
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limkt009
Veteran |
03-Aug-2009 22:01
Yells: "Watch your front, grab $$$$$ at your own time" |
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HONG KONG (MarketWatch) -- Asian markets ended mostly higher Monday, with resource and shipping shares jumping in line with commodity prices and as data showed Chinese manufacturing activity continued to gather pace in July. | |||||||||
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divearse
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03-Aug-2009 21:13
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Baltic Dry Index comparison with other commodities http://investmenttools.com/futures/bdi_baltic_dry_index.htm useful for NOL, this is good to keep as the prices is way undervalue, when the prices for freight soars maybe in a year time NOL will follow. |
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iPunter
Supreme |
03-Aug-2009 20:55
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This is a futile question to ask..
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Tek2009
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03-Aug-2009 20:16
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Any reason NOL up 5 today? Is it for Q2 result? | |||||||||
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Alligator
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03-Aug-2009 15:47
Yells: "learning from past " |
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rate change apparently provide some power. BDI dropped last Friday, yet this big ship can move up.. cannot really say a company lost price must drop. perhaps price dropped already totally factored in NOL Q2 result is this Thursday 6 Aug. |
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des_khor
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03-Aug-2009 10:48
Yells: "Tell me who is the God or MFT from this forum??" |
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red red one still can up...? | |||||||||
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christan
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03-Aug-2009 10:28
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i m still waiting for the right issue price | |||||||||
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dcang84
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31-Jul-2009 11:49
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Tek2009
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25-Jul-2009 22:39
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perhaps it has different view from citi. still not so undrstaood. :) | |||||||||
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dealer0168
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25-Jul-2009 19:00
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Got a recent news from Edge S'pore:
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