Stock Fun Fact: HARBOUR has the opportunity to challenge cash higher than market cap.

HarryTeo wrote a column · Aug 31, 2023 23:34

$HARBOUR (2062.MY)$

Stock Fun Fact: HARBOUR has the opportunity to challenge cash higher than market cap.

The combined Net Profit of HARBOUR in the past two years is RM299.4 million, therefore the cash has also reached a historical high. After the occurrence of COVID, marine transportation costs soared, and HARBOUR is one of the benefiting marine transportation companies.

With freight rates returning to normal, HARBOUR's profits have declined for two consecutive quarters, and the stock price has returned to the level of two years ago. Although the stock price has dropped, the company's reserves have increased.

HARBOUR's cash holdings and investment financial assets amount to RM443 million, while the company's market cap is only RM464 million. Assuming the company's stock price drops again, it is expected that HARBOUR's cash will exceed the Market, which will also be one of the magical scenes in the Malaysian stock market.

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HarryTeo

投资座右铭：价值为主，技术为辅，心态之上在股市拥有超过10年的经验，主要是通过科技以及制造出口领域累积财富。

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