LHN Logistics’ ISO tank and container transportation services in Singapore and Malaysia make up 65% of its FY2022 revenue while the remaining 35% is contributed by its container deposit services. LHN Logistics’ financial year ends on Sept 30.
Soochow CSSD Capital Markets (SCCM) analyst Ilvin Cornelis has initiated a “buy” call on LHN Logistics (SGX:GIH
) with a target price of 24 cents. The target price implies an FY2024 P/E of 10x.
LHN Logistics provides ISO tank logistics and transport services in Singapore. It also runs container depot operations in Singapore, Thailand and Myanmar.
