Stock dimensions – TTA The freight rate has bottomed out. accept China to open the country Broker recommends BUY because of the low price, receive a dividend yield of 2.78%.
ASL Securities’ TTA or Thoresen Thai Agencies Public Company Limited said it lowered its profit forecast for 2023 to 2.7 billion baht after freight rates fell to a new low. by March 66 The freight rate is about to rise to 1,156. The very low freight rate at the beginning of the year reflected a weak outlook for the dry bulk market and China’s clear opening policy is expected. And the rainy season in Brazil has passed. helps boost boat travel activities to return to normal
The freight rate has bottomed out.
anyway Buy is still recommended Year-end target price of 2023 at 9.20 baht Based on PE forward of 6.20x current price, trading on PE of 4-5x Current price has a PBV of just 0.59x Freight rates in early Q1/23 are already reflecting the economic slowdown global and the low season of the year already.
deal Crop Dividend 2.78%
while the company is preparing to pay a dividend of 0.22 baht per share, totaling 400.94 million baht, to be paid on May 12, 2023, representing a dividend yield of 2.78%
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