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.

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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.