Noble Group – Commodities aren’t Sexy at the Moment

Noble Group 1-Year Chart 2015Noble Group (N21.SI)
is Asia’s largest commodity trader and one of China’s 20 biggest companies. With headquarter in Hong Kong and listing in Singapore, the company generated 2014 with 1,900 employees and a turnover of almost 86bn SGD an EBIT of 278m SGD. With a debt/equity ratio of 110% and a credit rating near junk level of BBB Noble Group is looking for new funding opportunities. Non-transparent and low commodity prices have made the company vulnerable to short speculations. Continue reading “Noble Group – Commodities aren’t Sexy at the Moment”