Noble Group Share Price Plunges, Putting Coverage Under Review Pending News
We are placing our coverage of Noble Group under review pending additional fresh news. Noble Group has halted trading following a share price plunge amid a sharp drop in its bond price that follows a Reuters report that possible discussions for the entry of a strategic shareholder have fallen through. In addition, Standard & Poor’s has downgraded the company’s debt rating to junk. Our current fair value estimate is SGD 1.31 on the prognosis that the company would be able to refinance its bor...NOBLE GROUP HOLDINGS LIMITED is an investment holding company principally engaged in the provision of energy products and industrial raw materials supply chain management. Together with subsidiaries, the Company operates business of global supply chain manager of energy, power and gas products, metals and carbon steel materials. The Company also engages in the bauxite mining and alumina refining operation in Jamaica.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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