ENTITY
Precious Shipping

Precious Shipping (PSL TB)

69
Analysis
Industrials • Thailand
Precious Shipping is a Thailand-based ship-owner providing global dry-bulk transportation services. The company operates dry bulk ships on a tramp shipping basis, employing its vessels on both time and voyage charters, and handles cargoes such as cement, agricultural products, steel, fertilizers, ores, coal, and logs. It was founded in 1989 and is headquartered in Bangkok, Thailand.
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•14 Jan 2021 10:15•Broker

PSL: Positive Outlook for Dry Bulk Carrier Market in 2021-22E

We expect the PSL’s earnings to turn positive in 4Q20 as TC rate is recovering back to above breakeven level owing to strong demand recovery after...

•13 Jul 2020 12:19•Broker

PSL: Another Opportunity at the Bottom of Dry Bulk Cycle

We initiate coverage of PSL with a BUY rating, based on a target price of Bt7.10, which is derived from 1.0xPBV’21E, its 10-year average. The...

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