MENU

Singapore’s Big Loser for the Week: Noble Group Limited

Noble Group Limited (SGX: N21) has slumped by 6.3% since last Friday to close at S$1.185 on Thursday. Given that the SPDR STI ETF (SGX: ES3),  which tracks the Straits Times Index (SGX: ^STI), gained 0.4% during the same timeframe, this makes the company a big loser in Singapore’s market for the week.

Noble, which was ranked number 76 in the 2014 Fortune Global 500, is a global supply chain manager of agricultural and energy products, metals, minerals and ores. It has three business segments – Energy, Agriculture, and Metals, Minerals & Ores.

The firm said on Monday this week that it would be releasing its financial results for nine months ended 30 September 2014, on 7 November 2014 after the local market closes. Its management will hold an earnings conference call and webcast on the same day at 18:30-19:15 local time. More details on the conference call and webcast can be found here.

For the six months ended 30 June 2014, revenue rose to US$48.8 billion, from US$47.9 billion last year while net profit at US$218 million more than doubled year-on-year. The main reason for the improvement in revenue was good showing from the Energy business, in which revenue increased 14% year-on-year. Tonnage for the period was at 125 million tonnes, a record for an interim period, up 13% from the same period a year earlier.

Net debt as a percentage of capitalisation (this ratio shows how indebted a company is) decreased to 47.2%, as of 30 June 2014, from 49.7%, at the end of 2013.

Noble is currently going at 14 times its historical earnings.

Click here now for your FREE subscription to Take Stock Singapore, The Motley Fool's free investing newsletter. Written by David Kuo, Take Stock Singapore tells you exactly what's happening in today's markets, and shows how you can GROW your wealth in the years ahead.  

Like us on Facebook  to keep up-to-date with our latest news and articles. The Motley Fool's purpose is to help the world invest, better.

The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.