Noble Group +0.6% to $1.64 as investors nibble ahead of 2Q10 results due after market close today. Weaker bottomline expected as performance last year earlier boosted by revaluation gain on Gloucester Coal acqn but focus will be mgmt's guidance amid recent pullback in prices of commodities such as coal. Dow Jones poll tips 2Q10 net profit of US$122mn vs US$248.8m year earlier.
Despite expectations of lower 2Q earnings, the group still has a positive outlook as current indications are pointing to a strong recovery in spot soybean crushing margins, which should lift 3Q10 and 4Q10 results. DBS Vickers maintains Buy call with $2.00 target.
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