Noble

Noble: (S$0.24) Willingly trudges ahead on prized asset disposal
- Appointed Morgan Stanley and HSBC to advise on the divestment of its prized energy business.
- Intended sale has garnered significant interest from a broad spectrum of potential buyers.
- While the move is expected to unlock value for Noble, the cash-generative unit was previously touted as the core asset to help the group turn around from its flagging commodity trading business.
- Counter has shed 20% of market value amid the management reshuffle.
- Investors can expect revisions to street estimates.