Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Equity Capital Markets

T.S. Lines (TSL) is a container shipping firm primarily operating in the Asia Pacific (APAC) region.

<ul>
<li>Regional container carrier TS Lines debuted in HK at HK$4.18 on November 1 </li>
<li>Post-IPO, shares appear cheap, trading at 65% of fleet replacement + net cash</li>
<li>We provide updates on early trading, Q324 earnings from peers, &amp; more</li>
</ul>


Regional container carrier TS Lines debuted in HK at HK$4.18 on November 1 
Post-IPO, shares appear cheap, trading at 65% of fleet replacement + net cash
We provide updates on early trading, Q324 earnings from peers, &amp; more


TS Lines HKEX IPO: Early Trading | Valuation Vs Wan Hai & RCL | Return to TransPac May Not Work Out

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

Equity Bottom-Up

Drilling Tools International / Equity Bottom-Up

Drilling Tools International Corporation operates as an oilfield services company. The Company manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. Drilling Tools International conducts its business worldwide.

<ul><li>Drilling Tools International Corporation went public via SPAC last year and has a material weakness in its internal controls</li><li>The company pays a management fee to its private equity owner but has seen its stock almost double in the last few months</li><li>DTI rents and sells downhole and wellbore conditioning tools for drilling oil and gas wells, with a strong market share and competitive position in the industry, showing potential for growth even in an industry downturn.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Drilling Tools International Corporation went public via SPAC last year and has a material weakness in its internal controlsThe company pays a management fee to its private equity owner but has seen its stock almost double in the last few monthsDTI rents and sells downhole and wellbore conditioning tools for drilling oil and gas wells, with a strong market share and competitive position in the industry, showing potential for growth even in an industry downturn.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Drilling Tools Internat Corp (DTI) - Monday, Jul 29, 2024

<ul>
<li>TS Lines' January-April 2024 revenue &amp; margins showed little Y/Y change</li>
<li>Besides weak Y/Y growth, TS Lines' move to re-enter Transpacific is odd</li>
<li>TS Lines' filing offers few reasons to favor the company over listed peers</li>
</ul>


TS Lines' January-April 2024 revenue &amp; margins showed little Y/Y change
Besides weak Y/Y growth, TS Lines' move to re-enter Transpacific is odd
TS Lines' filing offers few reasons to favor the company over listed peers


TS Lines Pre-IPO: January-April Results Vs WHL, RCL H124 | Opportunistic Return to Transpacific?

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>SPAC IPO market revival. As we approach the final two weeks of 3Q24, are we seeing some sort of a revival of the SPAC IPO market?</li><li>Well, August recorded the best month for SPAC IPOs since March 2022 with nine pricings.</li><li>The quarter to date has seen 15 new SPACs come to the market, which already makes it the best quarter since 2Q22. </li></ul>

SPAC IPO market revival. As we approach the final two weeks of 3Q24, are we seeing some sort of a revival of the SPAC IPO market?Well, August recorded the best month for SPAC IPOs since March 2022 with nine pricings.The quarter to date has seen 15 new SPACs come to the market, which already makes it the best quarter since 2Q22. 

CompoSecure, Inc. provides financial technology services. The Company offers payment cards, crypto currency and digital asset storage, and security solutions. CompoSecure serves customers worldwide.

<ul><li>Writer discusses investing in undervalued SPACs with potential for profitability</li><li>Introduces Composecure, a successful BUSTED SPAC in metal card making and crypto cold storage</li><li>Company merged with Roman DBDR Tech in December 2021, praised for solid management and return on invested capital mindset</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Writer discusses investing in undervalued SPACs with potential for profitabilityIntroduces Composecure, a successful BUSTED SPAC in metal card making and crypto cold storageCompany merged with Roman DBDR Tech in December 2021, praised for solid management and return on invested capital mindsetThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Composecure Inc (CMPO) - Wednesday, Jun 5, 2024

Insights on Special Purpose Acquisition Companies

SPACs
Insights on Special Purpose Acquisition Companies

TS Lines HKEX IPO: Early Trading | Valuation Vs Wan Hai & RCL | Return to TransPac May Not Work Out

In this insight we offer some quick updates on regional container carrier TS Lines, which successfully listed its shares in Hong Kong on November 1.

Tracking Traffic

Drilling Tools Internat Corp (DTI) - Monday, Jul 29, 2024

Drilling Tools International Corporation went public via SPAC last year and has a material weakness in its internal controls

Value Investors Club

TS Lines Pre-IPO: January-April Results Vs WHL, RCL H124 | Opportunistic Return to Transpacific?

TS Lines in a recent filing reported mediocre January-April rates that pale compared to its comps' H124 numbers. We see few reasons to choose...

Tracking Traffic

SPAC Talk - The Outlook for Redemptions

SPAC IPO market revival. As we approach the final two weeks of 3Q24, are we seeing some sort of a revival of the SPAC IPO market?

Water Tower Research

Composecure Inc (CMPO) - Wednesday, Jun 5, 2024

Writer discusses investing in undervalued SPACs with potential for profitability. Introduces Composecure, a successful BUSTED SPAC in metal card...

Value Investors Club