Stock anecdote: HARBOUR has an opportunity to challenge cash being higher than market value
![Stock anecdote: HARBOUR has an opportunity to challenge cash being higher than market value](https://sgsnsimg.moomoo.com/feed_image/102129971/d618ec6aae0832bd83b4d6ba15614e9d.jpg/bigmoo)
Harbour's net profit for the past two years added up to RM299.4 mil, so cash also broke through a record high. Shipping costs soared after the COVID outbreak, and HARBOUR was one of the shipping companies that benefited.
As freight rates return to normal, HARBOUR's profit has been declining for two consecutive quarters, and the stock price has returned to where it was two years ago. Although the stock price has fallen, the company's reserves have risen.
HARBOUR's cash and investment financial assets are equal to RM443 mil, and the company's market value is only RM464 mil. Assuming that the company's stock price falls one more time, it is expected that Harbor's cash will surpass the market, and it will also be one of the magical sights of horse stocks.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment