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Uni-Asia kept at ‘overweight’ as it stands to gain from OBOR policy

Samantha Chiew
Samantha Chiew6/21/2017 3:33 PM GMT+08  • 2 min read
Uni-Asia kept at ‘overweight’ as it stands to gain from OBOR policy
SINGAPORE (June 21): NRA Capital is maintaining its “overweight” call on shipowner and charterer Uni-Asia Group with a fair value of $1.85 on improvement in dry bulk shipping.
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SINGAPORE (June 21): NRA Capital is maintaining its “overweight” call on shipowner and charterer Uni-Asia Group with a fair value of $1.85 on improvement in dry bulk shipping.

“We see heightened global infrastructure spending under China’s One Belt One Road (OBOR) policy as a potential catalyst that will support the ongoing recovery in the dry bulk sector,” says analyst Liu Jinshu in a Wednesday report.

With some 900 projects worth US$890 billion under way or planned, dry bulk shippers will benefit, thanks to demand for infrastructure-related resources such as iron ore.

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