Established in 1919 each share represents an entire "slice" of the PNG economy. Its a diversified conglomerate a leader in shipping, transport, property, manufacturing and hotels. It broadly tracks PNG economic growth. The resurgence of natural resources and energy prices in the last 12 months is positive. It employs over 3000 people. Steamships is controlled by John Swire & Sons c72%.
Its worth visiting there website to watch there corporate video: www.steamships.com.pg
Regards,
The Value Investor
SST Price at posting:
$19.50 Sentiment: Buy Disclosure: Held
