Noble is up 1.9% at $1.10, the best-performing STI component stock.
Beyond the company's disposal of wholly-owned subsidiary coal company PT Alhasanie for US$4 million ($5 million), "there's really nothing," says OCBC analyst Carey Wong, noting that the market is chasing up high-beta stocks amid a broad rally. "It's more trading than anything. The stock has fallen quite a bit since the results."
The stock remains down nearly 14% since the company released its results after market close on Nov. 8.
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