2nd investment: Noble Group

I have highlighted in an earlier post my interest in Noble Group Limited listed on the Singapore Exchange. Noble Group is a global chain manager of agricultural and energy products,  as well metals and minerals. The group seeks to hold assets in resource producing countries and supply to high growth economies. I am cautiously optimistic that commodity and agriculture will perform well in the mid to long term future. At an estimated 2013 P/E ratio of 10.8, P/B ratio of 0.87 and dividend rate of 2.59%, I have decided to take up position in this counter with 15% of my investment fund. This company is considered a blue-chip stock, being a constituent of the Straits Times Index in Singapore. At the same time, I worry that there is a chance that with its poor performance presently, the Group might be taken off the index. If the ETFs divest from this stock as a result, further decrease in price may be possible.