Investments #46/364
Deposited my weekly $220. Noted that TORM ( $Torm (TRMD.US)$) shares keep falling which make me interested to buy more shares.
Why I find TORM shares attractive at current levels
As an investor, I’m always on the lookout for opportunities where the market undervalues strong performers - and TORM is a good example. Here’s why:
- Strong Q3 2024 performance: According to TORM’s CEO, the Company continues to deliver solid results, with fleet-wide rates slightly above last year’s levels, despite seasonal headwinds. This resilience highlight the strength of their operations and market positioning.
- Undervalued price: TORM’s current share price of $20 significantly undervalued as compared to its Net Assets Value (NAV) of $35.2 per share. This represents a substantial discount.
- Market Outlook: The ongoing geopolitical conflict in the Middle East has kept tom-miles related to clean petroleum product trade at elevated levels, supporting demand for TORM’s services.
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kheldarX : wow..heavy downtrend, just looking with the charts. not familiar with the company though.