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#Than Hoon – Kasikorn Securities takes a look at the stocks of Precious Shipping Public Company Limited or PSL. According to the research department, the opinion is neutral after the meeting with the CEO of PSL BDI is expected to accelerate in the Second half of the year ’66 of the reopening of China in accordance with the research point of view
PSL CEO remains skeptical about ceasefire in Ukraine, however, this will lead to increased demand for goods and the BDI supercycle.
The research department recommends “Buy” with a target price of 18.50 baht. Based on a PBV of 1.4x (+0.5SD), the benefits of 1) the reopening of China and 2) a ceasefire between Russia and Ukraine become the basis for rebuilding Ukraine.
