First Ship Lease Trust
D8DU.SI : Singapore Exchange
0.044
+2.33%
Share Price in SGD. As of 26 Jul 13:10:01 SGT
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Key stats
- 52-Week HighSGD 0.074
- 52-Week LowSGD 0.020
- Market CapSGD 78M
- Avg Volume154K
- P/E Ratio (TTM)Infinity
- Forward Dividend Yield46.0%
Market Analysis
Analyst Ratings
There is no analyst rating data currently available for First Ship Lease Trust.
Valuation
Price to earnings (P/E) ratio
Current P/E
∞
∞
Historical Average P/E
12.2
12.2
First Ship Lease Trust's current P/E ratio of ∞x is higher than its historical average P/E ratio of 12.2x.
Price to book (P/B) ratio
Current P/B
1.4
1.4
Historical Average P/B
0.5
0.5
First Ship Lease Trust's current P/B ratio of 1.4x is higher than its historical average P/B ratio of 0.5x.
Earnings
Earnings per share (EPS)
The latest earnings per share is $0.00, which is lower than the earnings per share of $0.01 in 2022.
Financials
Financial Statements
07 Feb 2024 | For period ending 31 Dec 2023 |
03 Aug 2023 | For period ending 30 Jun 2023 |
27 Jul 2023 | For period ending 30 Jun 2023 |
Annual Reports
30 Apr 2024 | For period ending 31 Dec 2023 |
27 Mar 2024 | For period ending 31 Dec 2023 |
News
Profile
Company Description
First Ship Lease Trust ("FSL Trust") is a business trust established on 19
March 2007 under the Business Trusts Act, Chapter 31A of Singapore. FSL Trust
is managed by its trustee-manager, FSL Trust Management Pte Ltd which is
responsible for safeguarding the interests of Unitholders and for investment
and financing strategies, asset acquisition and disposal policies, and the
overall management of the business of FSL Trust.
The overall objective of FSL Trust is to provide long-term non-tax driven
leasing services across major maritime segments. Specifically, FSL Trust
engages in the business of providing leasing services on a bareboat charter
basis to the international shipping industry, and owns and invests in a
portfolio of lease assets across various sub-sectors of this industry.
FSL Trust’s assets may be leased to international ship operators under
operating leases in the form of bareboat charters, whereby each lessee has
possession of the asset and pays rent to the lessor of the asset for the right
to use the asset. FSL Trust may also lease its assets under finance leases. FSL
Trust’s main objective is to derive a stable income stream from its portfolio
of lease assets.
The lease assets in FSL Trust’s portfolio will comprise long-term bareboat
charters of commercial ocean-going transportation vessels to customers. Upon
the listing of FSL Trust, the initial portfolio of vessels owned by FSL Trust
will comprise four containerships, four product tankers, three chemical tankers
and two dry bulk carriers with an average vessel age of approximately five
years, and bareboat charters with an average remaining term of approximately
nine years (excluding extensions and early buyout options). Moving forward, FSL
Trust intends to seek additional accretive leasing transactions in order to
grow its business.