Risk factor
Limited trading liquidity
Profitability factor
Excellent dividends
About
Precious Shipping Public Company Limited operates as a global maritime transport enterprise, specializing in the ownership and management of dry bulk vessels. The company employs a tramp-shipping model to facilitate worldwide marine transportation and chartering activities. Its fleet is dedicated to conveying a diverse range of bulk commodities, including cement, various agricultural products, steel, fertilizers, ores and concentrates, coal, and logs. As of December 31, 2021, Precious Shipping maintained a fleet of 36 dry bulk carriers, comprised of 9 Supramax, 8 Ultramax, and 19 Handysize vessels, which notably included 4 specialized cement carriers. This impressive fleet collectively offered a carrying capacity of 1,585,805 deadweight tons. The company was established in 1989 and is headquartered in Bangkok, Thailand.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. Specifically, the stock is fairly valued on P/E, neutral on EV/EBIT
Target Price
The average target price of PSL.BK is 6.7 and suggests 7% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommendation to dec