$SAMUDERA SHIPPING LINE LTD(S56.SI)$ is racing back up today. It traded at an average of $1.00 or higher before it paid out a bigdividend of about 13% in May. Looks like the stock price is now recovering from this huge payout.
The company is also expected to bring in increased profits this year, as they are in the process of acquiring more ships. Additionally, a share buyback programme has been announced.
With the market on the rebound, Samudera is well placed to benefit, and I expect share prices to soon increase.
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