Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
2510.HK
Strong BuyFull HouseAPPROVET.S. Lines Limited · Industrials · Taiwan · $2.9B · Avg Vol: $8M/d
As a major player in regional shipping, T.S. Lines is a direct beneficiary of the current oil and maritime volatility. With a massive +6.2% EPS consensus revision in under a month and the Middle East conflict driving shipping reroutes and fuel-surcharge pricing power, the company is capturing the geopolitical risk premium that the market is finally beginning to price in.
COMPANY DESCRIPTION
T.S. Lines Limited is an international container shipping company providing ocean freight services, primarily focused on intra-Asia, Australia, and Middle East routes. It leverages its strong regional network and efficient fleet operations to provide reliable and cost-effective shipping solutions within the competitive intra-Asia market. T.S. Lines is a specialized container shipping line with a strong presence in the intra-Asia trade, a vital component of regional supply chains.
FINANCIAL SUMMARY (HKD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 19.2B | 6.9B | 10.5B | 10.1B | -19.3% | 10.2B | 10.9B | 11.6B | 7.1% |
| EPS (HKD) | 5.10 | 0.10 | 1.99 | 1.55 | -32.7% | 1.74 | 1.84 | 1.77 | 6.7% |
| Shares | 1.7B | 1.7B | 1.7B | 1.7B | +0.9% | 1.7B | — | — | — |
| Debt | 3.0B | 1.7B | 1.2B | 1.2B | -27.2% | 1.3B | — | — | — |
| Equity | 16.9B | 13.9B | 15.5B | 16.6B | -0.5% | — | — | — | — |
| Op CF | 10.8B | 1.0B | 3.8B | 3.9B | -28.5% | 3.9B | — | — | — |
| Inv CF | -1.4B | -1.3B | -4.1B | -1.4B | — | — | — | — | — |
| Fin CF | -5.8B | -4.4B | -2.0B | -2.0B | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of 2510.HK are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 2510.HK | T.S. Lines Limited(you) | $2.9B | 99 | Strong Buy |
| 2637.TW | Wisdom Marine Lines Co., Limited (Cayman) | $2.2B | 97 | Strong Buy |
| 2606.TW | U-Ming Marine Transport Corporation | $1.9B | 85 | Strong Buy |
| 2615.TW | Wan Hai Lines Ltd. | $9.9B | 92 | Strong Buy |
| 2603.TW | Evergreen Marine Corporation (Taiwan) Ltd. | $15.8B | 92 | Strong Buy |
| 2605.TW | Sincere Navigation Corporation | $649M | 84 | Strong Buy |
| 2609.TW | Yang Ming Marine Transport Corporation | $6.2B | 62 | Hold |
| 2617.TW | Taiwan Navigation Co., Ltd. | $402M | 79 | Buy |
| 6121.TWO | Simplo Technology Co., Ltd. | $2.4B | 92 | Strong Buy |
| 5536.TWO | Acter Group Corporation Limited | $3.4B | 87 | Strong Buy |
Peer medians: ROE 10.4% · P/E 16.5x · Gross margin 23.3%