Report

Global Ports Investment Plc

Recently, Global Ports Investment Plc (GLPR or the company) reported its 2Q21 operating results. The company continues to outperform the growth of its operating markets. In Baltic (FCT, PLP and ULCT), consolidated volumes increased by 4.4% YoY (vs market growth of 4.3%), whereas VSC, which is in the Far East, posted robust volume growth of 23.4% in 2Q21 (vs market growth of 18.1%). HPHT’s stock has gained 26.7% YTD and has already surpassed our fair value of USD 2.80. We will be revising our fair value and rating once GLPR publishes its detailed 1H21 financial results in mid-August 2021.
Underlying
Global Ports Investments (GDR)

Provider
Drewry Maritime Equity Research
Drewry Maritime Equity Research

Drewry, since 1970, has been providing research and advisory services on the global Maritime and Shipping industries and has established itself as a firm with long history of credibility and expertise on various aspects of the maritime industry. Leveraging this in-depth market knowledge and understanding, we have extended our offering to deliver a unique, independent investment research service on globally listed companies operating in the maritime industry. Under the brand Drewry Maritime Equity Research and in accordance with the FCA, DMER led by Rahul Kapoor and his team, offers fundamental analysis on listed companies. DMER analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. By combining these market-leading resources with seasoned sector expertise and commercial awareness, we are able to offer a highly differentiated and comprehensive investment research service to prospective investors in listed maritime companies. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

Analysts
Ankush Kathuria

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