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Home / Capital / Brokers Calls

PhillipCapital starts FSL Trust at 'buy' on unlocked value from current fleet

Broker's Calls

PhillipCapital starts FSL Trust at 'buy' on unlocked value from current fleet

Felicia Tan Published on Wed, Feb 24, 2021 / 1:42 PM GMT+8

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PhillipCapital’s research analyst Vivian Ye has initiated “buy” on First Ship Lease Trust (FSL Trust) with a target price of 10.5 cents.

The company is a Singapore-based business trust that was listed on the SGX mainboard in March 2007. The trust owns a fleet of vessels in various shipping sub-sectors, which it leases to the international shipping industry.

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