Freight rate will remain up high due to market turmoil and short of voyage services. This will contribute HARBOUR's profit margin plus management striving to maintain its cost of operating. Looking forward at target price RM1.70 at PER 10x
any reason why price drop? I mean fundamentally not technically. I see fundamental and future prospect are good, only problem I see here is not enough NTA discount. Anyone know why price still drop despite such a good QR just released?
@SincereStock Most likely panic sell due to oil price spiking up high from $80s to $110 effect from Russian-Ukraine Crisis.. Operating cost might spike up but still fundamentally strong, might be able to offset the higher operating cost from its second core business integrated logistic export segment mainly in oil and gas in view of supply disruption from Russia. Also hope that freight rates remain high to maintain the good profit margin. Just hope that this counter will pay good dividends to upbringing the stock price.
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