In today’s briefing:
- Asian Dividend Gems: Regional Container Line (RCL)
Asian Dividend Gems: Regional Container Line (RCL)
- Regional Container Line is the largest container shipping company in Thailand. It has attractive valuations, strong balance sheet, and has a major tailwind of higher global shipping freight rates.
- RCL’s dividend yield averaged 9.6% from 2019 to 2022. The biggest factor driving higher shipping freight rates in 2024 has been the Suez crisis resulting from Houthi drone attacks.
- We used Smartkarma’s Smart Score Screener system to find Regional Container Line (RCL TB).