Hohoho... Hohoho... That's it. 2017 is coming to an end, and what is left on bygone remain on bygone, and we shall welcome a whole new 2018.
But before that, Santa Claus might want to send you some present with his new found sleigh - a ship.
The market in 2017 had been tough and unforgiving for some. But despite that, everything bad will come to an end, and eventually good thing will come again as we endure over the challenging period.
Today I want to introduce you a good company that you can look into for your investment portfolio next year.
This stock had a strong fundamental, and had started to break out from a bottom consolidation.
This shipping stock is Harbour Link Group Berhad (Harbour - 2062)
According to the technical chart, we can clearly see that Harbour had broken away from a long term down trend line. At the current price, Harbour is deemed attractive as it has a solid fundamental compared to the other peers in the same industry.
As of the latest financial quarter, Harbour managed to perform better than the previous quarter, where most of the revenue are contributed from shipping. The company had also paid out a 1.5 cents dividend per share this year.
If Harbour is able to maintain a consistent earning for the next 3 quarters, we can see a projected earning per share of 10 cents for FYE 2017. That will easily put Harbour valuation to RM 1.00 based on PER x 10.
But the question here is - What are the contributing positive factor that can ensure that Harbour will be able to sustain such an earning, or improved earning in the coming 9 months. While there are a lot of different factor that can affect the revenue, the most direct factor will come from sea freight rates.
For now, I will be sharing with you on Harbour being a share that had bottom out, and just started on it's break out position from a low price. Further to that, Harbour is a fundamentally strong company which performed better than it's peers, and with consistent revenue and good dividend policy in place in order to rewards it's shareholder.
In the coming post, I will be sharing with you on the some shipping industry outlook, and how will that translate to possible improvement towards Harbour revenue in the future.
Stay tune, and stay happy with Harbour.
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