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CGS-CIMB initiates coverage on LHN Logistics, trading at 50% discount to peers

Jovi Ho
Jovi Ho6/3/2022 11:06 AM GMT+08  • 2 min read
CGS-CIMB initiates coverage on LHN Logistics, trading at 50% discount to peers
LHN Logistics is a provider of ISO tank logistics and transport services in Singapore. Photo: LHN
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Riding on Singapore’s leadership in the global chemical industry, LHN Logistics is fuelled for its next leg of growth, says CGS-CIMB Research analyst Kenneth Tan.

LHN Logistics is a provider of ISO tank logistics and transport services in Singapore. The group provides ISO tank transportation services for major chemical players located on Jurong Island.

In a June 2 note, Tan is initiating coverage on LHN Logistics with a target price of 22 cents. This represents a 53.8% upside to the counter’s current share price of 14 cents.

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