Wake up. This company is not Harbour, no similarities. Their biz is just middleman. Profit is half of Harbour and yet market cap is higher. In fact, Tasco should be traded lower than Harbour. Harbour is the real gems, real shipping company. Period. Just buy Harbour.
The market doesn't always work logically that way. Which stock should deserve what amount of capitalization is not simply based on an individual's belief. It's the interest that one stock tend to attract over another seemingly more 'logical' choice.
@fortheemprah, I can't predict the future however I believe the logistics sector will see good sustainable growth. Those with ILS status will have the advantage of income tax exemption boosting profitability. Smaller cap players will be edged out or merge into a bigger corporation. Bear in mind that the 51% Bumiputera equity condition imposed on the freight forwarding business will overshadow this sector until Dec 2022. Despite listed company being exempted from this condition but I see it as a privilege that can be taken away.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....