Noble Grp: IIFL retains Buy with $2.80 and RBS maintains Buy with $3.00 TP. Note that Co. is on its way to titan league by setting a net earning target of US$1b by 2013. Believe target will be firmly supported by assets building strategy along the supply chain nodes; oil trading volume expansion on a strong balance-sheet; and normalised operating expenses ratio…
Add that Co. benefitting from carbon credits spike and Jap’s earthquake and tsunami last Fri have brought unexpected potential benefits to Grp. Due to rising global fear for the safety of nuclear reactors, market price of carbon credits have risen sharply over the last two days. Noble is the world’s fifth largest trader in this product.
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