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July 21, 2020

NEPTUNE ORIENT LINES: Cost Control Confidence

BY Warut Promboon

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( 12 mins) Executive Summary SummaryGeographySingaporeSectorMarineCredit ratingNR/NR (Moody’s/S&P)Report date23-June-20 Since our last report, the NOLSP complex (in SGD) has outperformed as COVID-19 situation improved in many countries as well as the announcement of CMA CGM’s 1Q’20 results on 5-June. CMA CGM is Neptune Orient Lines (NOL)’s parent company. The outperformance of NOLSP 4.65% 9/20s was within our prediction. […]

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