The obvious, direct comparable for TS Lines is Wan Hai Lines of Taiwan. In this insight we compare the two, review market conditions, and suggest useful valuation approaches.
Boomeranged on Wed, 10 Jul 2024 02:44
Intra-Asia container carrier TS Lines filed to list its shares in Hong Kong (again) at the end of May, and its filing included full-year 2023 results (but nothing from Q124). Since the company withdrew from Transpacific and Europe-Asia markets in 2023, its most likely comp remains Taiwan's Wan Hai Lines (and maybe Thailand's Regional Container Lines).