11 May 2017

Iceberg shorting Noble this morning?

 Profit warning at Noble for highly dubious reasons. Shareholders should prepare for bankruptcy.  http://goo.gl/fsk8SD By Iceberg. Iceberg has been 'anti-noble' all these while.

 At the same time, the recent consolidation allows 'more room' for the price to plunge lower. Whether this (iceberg report) is true or not, it is more important to be aware of the current market focus.

If you are shorting Noble, please buy back within the same day.


My previous mentions, Lee Metal is currently 0.335, from the previous low of 0.295. This is a counter good for dividends.

 

Banking Sector                                OVERWEIGHT
1Q17 Roundup: Easing Of Specific Provisions Across The Board

 
  • We  believe  the  key  takeaway  from  1Q17  results  is  the  consistent  feedback  from  all three banks that the worst in terms of NPL formation from the O&G sector is already over.  Specific  provisions  have  also  eased  by  35-55%  qoq  across  the  board.
  • NIM expansion  and  recovery  from  wealth  management  are  also  positive  news.
  • Maintain OVERWEIGHT. BUY DBS and OCBC.
Link to sector update:
https://research.uobkayhian.com/content_download.jsp?id=39777&h=d4c4b1bf649e78f880648e555af9fcb6

Links to results notes:

DBS - https://research.uobkayhian.com/content_download.jsp?id=39654&h=9aed5f6c4e7930b325c5e4ae3b95c606

OCBC - https://research.uobkayhian.com/content_download.jsp?id=39778&h=b8d1eddbcaebc960137cadf0b70cbbcc

UOB - https://research.uobkayhian.com/content_download.jsp?id=39619&h=4926b735eb624e5de200880635cc272a
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