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.
LubeTrader, the other day, you mentioned about some fella picking up tickets. Looking at the trend for Tasco, would you see a potential upwards trend leading up to the CNY period?
@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.
All freight fowarder will make money. Fee and cost is rising. Economy is opening up. China starrs to show positive signs as other economy. Demands to move goods and services is growing back
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Posted by donnybelowski > 2021-10-07 13:31 | Report Abuse
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.