First Ship Leasing Trust is a shipping trust listed on the Singapore Stock Exchange. It was listed in Mar 2007.
Investors have a hate relationship with this business trust. I think this trust is shaping up interestingly.
Share Price: SG$0.168
Outstanding Shares: 639 mil
Market Cap: SG$107 mil equivalent to Us$80 mil ( 1.40 USD to SGD)
In this article, I will give a brief history of FSL Trust’s challenges in the past, the outlook for the shipping segments they operate in and how I see their valuation and future free cash flow.
