There are a 2 things investors need to know: (1) " Approximately 60 million warrants (exercisable at S$0.22 per new share from 4 March 2025) and listed on a 3-year period from 4 September 2024" , and (2) how can the company continued its growth in 2025?

 

IMO, this means that, between now till Aug 2027, there is likely a base price of 22 cents per share. Anything below will be a value buy. But that is provided the company continues to grow or at least maintain its business revenue and earnings moving forward.

 

By the looks of it, in 2025, the shipping industry seems weak and the economy seems volatile but don' t be fooled because there will be likely more services required in SEA due to the tanker fleet getting older and older. CP services will be required more this year than the last.

 

https://www.spglobal.com/commodity-insights/en/news-research/latest-news/crude-oil/082624-aging-tanker-fleet-1-2-fleet-growth-mean-fewer-freight-discounts-on-older-ships#:~:text=Average%20tanker%20age%20is%20increasing,is%20driven%20by%20newbuild%20contracting.