Neglected Stock

Singapore Shipping Corporation is the only marine industry stock to have a positive PE.

Good yield of 3.52% and revenue and earnings for past quarters have been improving. CEO has mentioned they will be looking out for potential acquistions. Net gearing ratio is very healthy for a capital intensive company.

Chairman has been buying up shares lately since June.

Thanks for putting this on our radar screen. btw, it's not the Chairman but the CEO who has been doing a lot of accumulation. Today got announcement of another purchase made on 8 July 150K shares at 28 cents.

Hi,

Yes, apologies for the typo. And it is encouraging to know that he is accumulating more shares on the day of ex dividend. Another good indication that the share price will head north

CEO bought shares again as recent as 10th August at average price of $0.28 for 151 lots

Walter, do you follow FSLT? I reckon another shipping stock that is of value is First Ship Lease Trust. The recent announcement was positive.

infopub.sgx.com/FileOpen/Announcement.as...cement&FileID=482948


The shipping market is turning around after so many years of being in the doldrums. I reckon a no. of shipping stocks will have solid % gains in 2018.

Hi Joes, im not following FSLT. Still optimistic on Singapore Shipping. You might wanna take a look at Singapore Kitchen Equipment too