Precious Shipping - Weak TC Rate and Earnings in 2025E Already Priced In
We upgrade PSL to an Outperform rating with a new 2025E fair price of Bt7.66 (from a Neutral rating and the fair price of Bt9.04 previously).
284 Views
Precious Shipping - Quarterly Momentum Was Eroded by Freight Rate’s Decline
We downgrade PSL to a Neutral rating with a new 2025E fair price of Bt9.04 (from an Outperform rating and the fair price of Bt11.40 previously).
220 Views
Precious Shipping - 2Q24 Core Profit Gained 85% YoY and 29% QoQ
KTX maintains an Outperform rating and the 12M FV of Bt11.40, based on a required return of 8.52%. Our valuation metrics suggest that the current...
312 Views
Precious Shipping - Seasonal High in 3Q and Healthy Long-Term Cycle
We reinitiate our coverage on PSL with an Outperform rating and a 12M FV of Bt11.40, based on a required return of 8.52%.
293 Views
Precious Shipping (PSL) - Entering High Season, but Long-Term Outlook Is Weak
PSL’s performance varies in line with global freight rates, which are expected to rebound in the short term after the sharp plunge in 4Q22
335 Views