Tuesday, November 27, 2012

Noble Group

Noble Group: UOB Kay Hian upgrades to Hold from Sell. House note that Noble’s stock price has fallen to more attractive levels following the release of weaker-than-expected 3Q12 results. Improvements in its Brazil sugar business may be offset by weak China soybean crushing margins. Overall, Upgrade to HOLD. Target price: $1.17. Entry price is S$1.06.

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