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Grindrod Shipping Holdings Ltd. (GRIN), an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. 
It operates a fleet of 23 owned dry bulk carriers and 8 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers.
The company also operates a fleet of four owned tankers, which carry petroleum products, such as petrol, diesel, jet fuel, and naptha, as well as heavy fuel oil; and low hazard chemical products comprising liquid bulk vegetable oils.
Its customers include shipping companies, trading houses, mining companies, industrial manufacturing companies, and oil companies, as well as traders of grains, steel, and forestry products.
Shares have formed a bullish "cup and handle" following the company's latest quarterly report. On March 1, Grindrod Shipping Holdings reported Quarter December 2021 earnings of $2.75 per share on revenue of $142.5 million. The consensus earnings estimate was $2.50 per share on revenue of $118.5 million. Higher share prices are expected.
Entry Point: $24.35
Stop Loss: $23.00
Trading Range: $6.55 to $27.10
Target Price: $27.00
