Added to YB: 2024-07-03
Pitch date: 2024-07-02
S19.SI [bullish]
Singapore Shipping Corporation Limited
+34.42%
current return
Author Info
Company Info
Singapore Shipping Corporation Limited, an investment holding company, owns and manages ships in Singapore, Japan, and internationally.
Market Cap
SGD 72.3M
Pitch Price
SGD 0.23
Price Target
N/A
Dividend
4.08%
EV/EBITDA
2.03
P/E
7.95
EV/Sales
0.73
Sector
Marine Transportation
Category
value
Singapore Shipping: Full Steam Ahead
S19.SI: Singapore Shipping Corp owns 5 car carriers on long-term leases. 2 ships renewing 2025-26 could significantly boost earnings if PCTC rates remain high. $74M cash/receivables vs $65M liabilities. FCF potential $25M/yr by 2026 at $72M market cap. Risks: mgmt history, microcap. Upside from rate strength, asymmetric risk-reward.
Read full article (7 min)