Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
PT Berlian Laju Tanker Tbk (BLTA.JK) is a company that specializes in the maritime transport of liquid bulk cargo, primarily serving regions in Malaysia and Indonesia. The company's operations are divided into three main segments: Chemical Tankers, Gas Tankers, and a general "Others" category. Its chemical tanker fleet is dedicated to the seaborne carriage of various substances, including organic and inorganic liquid chemicals, as well as vegetable oils and animal fats. Concurrently, its gas tankers are responsible for the marine logistics of liquefied gases such as LPG, propylene, propane, and LNG. Beyond its core shipping activities, BLTA also offers a range of auxiliary services, which encompass shipping agency representation, crew management (manning), comprehensive vessel operations (ship management), and trading services. As of December 31, 2021, the company's owned and operated fleet comprised a total of seven vessels: four chemical tankers, two gas tankers, and an additional chemical vessel managed for a third party. Established in 1981, PT Berlian Laju Tanker Tbk maintains its corporate headquarters in Jakarta, Indonesia. The company operates as a subsidiary under the umbrella of PT Bagusnusa Samudra Gemilang.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E, of fair value on E