RCL Up 4% as Sentiment on Container Shipping Boom Rises

The share price of Regional Container Lines Public Company Limited (RCL) rose THB1.50/share or 3.70% to THB42.00/share as of 15.17 hrs. local time in Thailand, with a trading value of THB197 million.

Kasikorn Securities (KS) stated that RCL will benefit from port congestion caused by China’s zero-COVID policies, which has raised the BDI Baltic Exchange Dry Index. Recommend “BUY” with a target price of THB58.00 per share.