Stock Name: NOL
Company Name: NEPTUNE ORIENT LINES LIMITED
Company Name: NEPTUNE ORIENT LINES LIMITED
| Research House: Golman Sachs | Price Call: HOLD | Target Price: 1.00 |
SINGAPORE (Feb 16): Goldman Sachs is maintaining its "Neutral" call for Neptune Orient Lines (NOL) with a target price of $1.00 amid the global shipping company's weak performance for 4QFY14.
NOL's net loss of US$264 million for the whole year came below the expectations of Goldman Sachs, which attributed the losses to NOL's weak 4QFY14 liner performance despite the fall in oil price during that period. The company reported a net loss of US$85 million for the quarter, a sharp fall from a net loss of US$23 million in 3QFY14.
Its 2014 net debt stood at US$4.1 billion.
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