SGX:F83Logistics
COSCO SHIPPING International Singapore (SGX:F83) Stock Rich P E Meets DCF Discount
COSCO SHIPPING International (Singapore) slipped to SGD0.114 today, with the stock down over the past week even after fresh H1 numbers hit the market. Short term traders are reacting to a rich story. The company now trades on a trailing P/E of 39.6x, well above Asian logistics peers, while trailing net profit margin sits at 6.4%.
For longer term investors, the key point is that reported earnings quality appears high and a discounted cash flow estimate of SGD0.32 per share sits well above the...