Shipping company trading below cash value!

Dividend yield of 7.3%

COSCO Shipping Int is a subsidiary of COSCO Shipping. While COSCO is the 4th largest container shipping company in the world, COSCO Shipping Int does not provide shipping services.

Instead, it provides paint coatings, equipment and parts for ships.

The stock is interesting because it is trading below its cash value and gives out consistently high dividends.

Looking at its 2021 annual report, it has a cash of HK$6.2 billion, representing 64% of total assets!