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small-cap

One NYSE-Listed Investment Holding Stock at Resistance Level: Hafnia Limited

May 09, 2024 | Team Kalkine
One NYSE-Listed Investment Holding Stock at Resistance Level: Hafnia Limited

HAFN:NYSE
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (US$)

Hafnia Limited

Company Overview: Hafnia Limited (NYSE: HAFN) is an investment holding company. The Company is an operator of products and chemical tankers. The Company offers a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker desk. The Company segments include Long Range II (LR2), Long Range I (LR1), Medium Range (MR), and Handy size (Handy), Chemical - Stainless, Chemical - Handy, and Chemical - MR.

As per our previous US Dividend Income report published on ‘HAFN’ on 24th April2024, Kalkine provided an ‘Buy’ stance on the stock at USD 7.54 based on “decent fundamentals, associated risks, dividend yield of 13.33%, improved outlook, and current valuation and the stock price has now moved by ~8.49% since then and is close to attaining resistance 1.

Noted below are the details of support and resistance levels provided in our previous report:

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