AFP, SINGAPOREShares in troubled commodities trader Noble Group Ltd (來寶集團) yesterday plunged again after taking a massive hit last week, sparking concerns over the company’s viability. The firm sank 14 percent to a 15-year low of S$0.57 at one point before paring the losses, and ended the day down 11 percent at S$0.59. The stock plunged 48 percent last week, along with a sharp decline in the company’s bonds. Its stock was hammered in 2015 by a fall in commodities prices and it also suffered a credit rating downgrade. “Access to both short-term and long-term debt financing are key for any commodity-trading business model,” Macquarie Group Ltd analyst Conrad Werner said.

Source: Taipei Times May 15, 2017 16:11 UTC