Home » , » OIR BITES: Neptune Orient Lines Ltd – Trading halt pending announcement

OIR BITES: Neptune Orient Lines Ltd – Trading halt pending announcement

Shared By Stock Fanatic on Monday, December 7, 2015 | 7.12.15

Pic Credits : worldmaritimenews.com
NOL has requested for a trading halt this morning, pending a corporate announcement.

Recall that today is the deadline for CMA CGM to complete due diligence and make a definitive offer with NOL and majority shareholder, Temasek.

Bloomberg last week reported that CMA CGM is in talks with lenders to finance this transaction and the banks involved include BNP Paribas SA, HSBC Holdings Plc and JPMorgan Chase & Co.

Technical Analysis
Daily Chart
No indicative price
There is currently no official indicative price provided by both potential buyer and the sellers.

While we have been advising investors stay cautious of the potential downside if the deal falls through given the gloomy container shipping outlook [HOLD; FV:S$0.96], we have also been reiterating our view that Temasek will be unlikely to sell at a discount to NOL's book value as at end-3Q15 (~S$1.38/share), if any deal goes through.

Source : OCBC Investment Research

Posted on Monday, December 7, 2015 | 7.12.15
With No comments

Join Me On: Facebook | Twitter | Google Plus ::: Thank you for visiting ! :::
Some of the photos shown in this blog are randomly sourced from the Public Domain. If there is an infringement in the copyright of the photos; kindly inform us and it will be removed immediately. Thank you for your kind understanding.
Share this article :

Post a Comment

Modified by : Stockfanatic
Copyright © 2008 - 2018. Singapore Stock Market News - All Rights Reserved
Template Created by Creating Website Published by Mas Template
Proudly powered by Blogger
Related Posts with Thumbnails