SINGAPORE: Just seven years ago, Noble Group was an US$11bil-plus Asian commodity powerhouse, trading everything from soybeans to oil. Now it’s worth barely US$80mil, rooted among Singapore’s penny stocks.
Noble has posted huge losses provoked by a lack of trade financing and market calls that went sour, while also whittling down a mountain of debt. On Tuesday, it reported a narrower first quarter loss than a year ago, although saying its performance was still beset by constraints on liquidity and trade finance.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!