Noble Group's Rights Issue Is No Surprise, Further Cost Cuts Identified

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Noble Group Finally Makes the Suspected Impairment Charges

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Equity Bottom-Up

The sale of additional assets is not surprising, but the NAES was touted as one of the group's better-performing businesses, so this probably represents a reluctant sale by the firm and one needed in order to boost its capital position.Noble indicates that additional capital raising is needed, so we would not be surprised to see some form of capital injection. This could also be an overhang and a concern to shareholders this year, with risk of possible EPS dilution. Analysts: Lorraine Tan &amp; Dan Baker

The sale of additional assets is not surprising, but the NAES was touted as one of the group's better-performing businesses, so this probably represents a reluctant sale by the firm and one needed in order to boost its capital position.Noble indicates that additional capital raising is needed, so we would not be surprised to see some form of capital injection. This could also be an overhang and a concern to shareholders this year, with risk of possible EPS dilution. Analysts: Lorraine Tan &amp; Dan Baker

Noble Group's Management Change and Asset Sales Remain an Overhang

Noble Group Ltd

Noble Group's Management Change and Asset Sales Remain an Overhang