Himalaya Technologies Inc. (HMLA)
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Himalaya Shipping: Top-Spec Fleet And Macro Tailwinds At An Attractive Discount
Himalaya's fleet of 12 Newcastlemax dual-fuel ships with scrubbers ensures competitive performance, with index-linked charters outperforming market rates. For 3Q24 HSHP reported rising revenue, EBITDA, and EPS YoY and QoQ. A catalyst event on the horizon is the Simandou Project in Guinea. The first iron ore shipment is expected in 2025.
With Newbuild Fleet, Himalaya Shipping Is Worth Keeping An Eye On
Himalaya Shipping, a newcomer in the dry bulk sector, operates 12 new Newcastlemax vessels, focusing on dual fuel with liquid natural gas and pays variable monthly dividends. Himalaya Shipping's commitment to returning excess cash flow to shareholders and potential for increased dry bulk demand positions it as a promising investment for income-focused investors. Despite recent lows due to weak charter rates, Himalaya Shipping's price/book ratio of 1.32 is notably lower than the sector median of 2.91, indicating potential value.
Himalaya Shipping: Speculative Bet On Strong Capesize Market
Himalaya Shipping delivered strong 2Q24 results with increased revenue, and operating income. HSHP's fleet, consisting of 12 Newcastlemax vessels with dual-fuel LNG propulsion, ensures higher TCE rates and compliance with environmental regulations. Despite a highly leveraged balance sheet, HSHP's valuation is attractive at 82% PNAV, making it a speculative yet promising investment in the dry bulk segment.
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Himalaya Technologies Inc. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. Vikram Paul Grover C.F.A., Esq. CEO | OTC PINK Exchange | 43742A209 CUSIP |
| US Country | 3 Employees | - Last Dividend | 30 Sep 2014 Last Split | - IPO Date |
Overview
Himalaya Technologies, Inc., initially known as Homeland Resources Ltd., is a development-stage company founded in 2003 and based in Pittsburgh, Pennsylvania. It focuses on providing information services within the United States cannabis industry, a sector experiencing rapid growth and frequent regulatory changes. By leveraging technology and media, Himalaya Technologies aims to become a key player in the burgeoning market for cannabis-related health and wellness products and services.
Products and Services
- Kanab.Club: A social site operated by Himalaya Technologies, specifically designed to cater to the health and wellness niche within the cannabis market. Kanab.Club aims to provide a platform for cannabis enthusiasts and patients to connect, share, and discover cannabis-related products, services, and informational content. It positions itself in the media market for cannabis by offering a blend of social networking features with a focus on health and wellness.
- By fostering a community-centric environment, Kanab.Club endeavors to enhance user engagement and retention, catering to the specific needs and preferences of cannabis users looking for reliable information and peer support regarding health and wellness alternatives.
Contact Information
