Noble's stock price is at a deep discount.
In an interview with CNBC, a market watcher from Religare Capital Markets said the The recent plunge in share price of Singapore-listed commodities firm Noble Group is an opportunity for investors to buy the stock at a deep discount.
"In their business, it is conceivable that there's a lot of fluctuation in their profits and in their cash flow positions and that's something investors need to account for. And in this case, it is conceivable that they would recover from the losses that they've just faced," Nirgunan Tiruchelvam, director at Religare Capital Markets, explained.
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