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Samudera Shipping riding the Covid-19 tide

Shares up 26 per cent this year, closing at a 52-week high of S$0.315 on Monday, but brokers say it remains undervalued

Published Tue, Apr 6, 2021 · 05:50 AM

Singapore

RECENT shortages and disruptions in the shipping industry have generated interest in Samudera Shipping Line, a container shipping line serving the Asian region. The stock is up 26 per cent this year, closing at a 52-week high of 31.5 Singapore cents on Monday, but brokers say it remains undervalued.

Lim & Tan on Monday initiated coverage of Samudera with a "buy" ca…

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