Noble Group Up on Takeover Talk, We Keep Our Fair Value Estimate at SGD 0.17
Noble Group’s share price has jumped in recent days following the revelation that it is in discussion to bring in a strategic shareholder that will strengthen the company’s financial position. At this stage, we retain our fair value estimate at SGD 0.17 ahead of the company's full-year results release on Feb. 23. We think upside to our fair value estimate could come from signs of improving working capital efficiency that would help alleviate the need to rely on more debt to fund its trading acti...
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