CLSA starts Noble (N21.SG) at Buy with $2.42 target; says natural resources supply chain group a proxy to increasing demand for both hard, soft commodities in China, India “with established footprints in resource-rich and resource-hungry countries.”
CLSA adds, Noble “a sound and quality growth business” with excellent liquidity ratios, impressive track record (profits +23x since 2000).
Tips 22% EPS CAGR 2010-2013. Notes group generates 28% gross profits from agriculture, 51% energy, 9.0% metals and minerals, 12% logistics. Says stock deserves rerating, company will be more solid, stable business in 2013 “as it harvests the fruits of the investments made in last three years.
Given a strong balance sheet (for a supply chain manager) growth can be funded by debt rather than equity issuances;” target based on 17x 1-year forward P/E. Shares +0.5% at $1.94.
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firewood
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07-Nov-2010 12:37
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ABSOLUTELY!!!!!
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BullishTempo
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07-Nov-2010 12:35
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Your husband or wife is also a bet
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firewood
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07-Nov-2010 12:25
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Nothing is absolute :) Everything is just a bet, just like in life when u make a desicion, It is just a bet................
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iPunter
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07-Nov-2010 12:17
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PS. I was referring to Noble.
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iPunter
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07-Nov-2010 12:15
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Even with the best technical analysis in the world, a stock can always fall after one has bought it. Thus, no matter whether it is TA, or FA, or whatever super analysis, it is only a bet at best.. (By the way, I was looking for a flag, but couldn't find it). |
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DnApeh
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07-Nov-2010 11:59
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Hi. You will get a different TP if you use a log scale for the price.
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icetomato
Elite |
07-Nov-2010 11:22
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Wow! Yeah! Go Noble!
Busy week coming up! All the best everyone!
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BullishTempo
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07-Nov-2010 10:51
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Its a great analysis, keep it up! Just keep in mind Technical Analysis (TA) has to be married with Fundamental Analysis (FA) So all depends on how great the results is for Noble on Tuesday.
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firewood
Master |
07-Nov-2010 10:50
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Hi Watermelon, yup, i tried once yesterday. Then never try liao cos forever on the PC haha.
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watermelon
Veteran |
07-Nov-2010 10:40
Yells: "A bird in the hand is worth two in the bush." |
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Firewood, how is it ?? You can post using iphone liao?? Yesterday , I tried to post but like it always happened , sometime can sometime cannot , haiz !!! At times can post using quote instead of post reply , what about you ? |
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watermelon
Veteran |
07-Nov-2010 10:36
Yells: "A bird in the hand is worth two in the bush." |
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Wow, will be a very busy week , tomorrow is Monday liao !! I'm so excited , lol !!! Thank you , B.T. !!! May your game plan go smoothly .HUAT AH !!
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firewood
Master |
07-Nov-2010 10:26
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May all of us huat huat huat!!!!!!!!
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ShareWithMe
Veteran |
07-Nov-2010 10:12
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That's cool ! I like that !
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spiderman_er
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07-Nov-2010 10:12
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Hi, I see noble breakout from its Flag pattern (upper flag at 2.02) and closed at 2.03 with above ave vol. From the measured moves where the climb (from bottom of flag pole to upper end of flag) was 0.46, I see this breakout to hit 2.31 (1.85+0.46) which is measured from bottom of flag plus 0.46. With this , I am also going to long Noble on Monday to validate my analysis. I have done up the chart using chartnexus, but i could not attach it in this post. Disclaimer: I am still new in TA. Please use this as reference and do your own analysis. Tks |
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BullishTempo
Supreme |
07-Nov-2010 10:07
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Well a game plan could go as follows : Monday morning buy some Noble. Wednesday morning, sell Noble, put profits back to GAR Thursday after lunch break sell GAR Put profits back to GenSp (Maybe buy some Olam, reporting on same day as GenSp) Wait for GenSp announcement. |
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ShareWithMe
Veteran |
07-Nov-2010 09:57
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I read this article from Today's newspaper recommending us to buy at $1.95 on 3rd Nov. Typo, analyst target price is $2.42. "CLSA starts coverage with $2.42 target price, saying the natural resources supply chain group is a proxy to increasing demand for both hard and soft commodities in China and India, with establish footprints in resource-rich and resource-hungry countries. The house tips 22% EPS CAGR for 2010 to 2013. Notes that Noble generates 28% gross profits from agriculture, 51% from energy, 9% from metals and minerals and 12% from logistics. "
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firewood
Master |
07-Nov-2010 09:57
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Short term maybe 2.15 for noble? I am only aiming for 10 cent upside cos will sell immediately after results release.
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firewood
Master |
07-Nov-2010 09:55
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Yup if still within the range of 2.03 i think i might buy. Hehe maybe i q at 2.03 Ya lor she buy at high for GAR. Imagine when drop to .2x, her heart drop together.
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BullishTempo
Supreme |
07-Nov-2010 09:51
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Tags: Noble Group
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BullishTempo
Supreme |
07-Nov-2010 09:49
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Why don't you post the analyst report here, so we can take a look? But yes with QE2, commodities and resource counters are expected to go up. Things like palm oil, corn, cotton, soya beans, wheat, gold, crude oil will go up. Commodities will be one of my main plays.
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