Uni-Asia Group - SAC Capital 2024-09-09: Uncertainties On The Horizon

• Uni-Asia Group (SGX:CHJ)'s 1H24 net profit came in -US$11.8m, compared to +US$4.3m in 1H23.
• 1H23 charter income fell by 22% y-o-y due to the prior sale of 2 out of its portfolio of 10 ships.

HK a key uncertainty.

• - Read this at SGinvestors.io -

Repositioning its shipping fleet.

• Uni-Asia has been actively managing its shipping fleet to optimize returns. In November 2023, the company successfully sold its oldest 29k dwt ship. Shortly after in January 2024, it went on to sell its 2nd oldest 29k dwt ship.
• - Read this at SGinvestors.io -

Shipping strategy going forward.

• Read more at SGinvestors.io.

Previous report by SAC:
2024-03-21 Uni-Asia Group - Here's Your Alternative.

Price targets by other brokers at Uni-Asia Group Target Prices.

Listing of research reports at Uni-Asia Group Analyst Reports.

Relevant links:
Uni-Asia Group Share Price History,
Uni-Asia Group Announcements,
Uni-Asia Group Dividend Payout Dates & Corporate Actions,
Uni-Asia Group News