Swee Joo Berhad, an investment holding company, provides container shipping and related services primarily in Malaysia. The company operates vessels of various sizes that provide liner services between peninsular and east Malaysia in addition to regional routes that cover Thailand. It is also a box operator regional routes that cover Ho Chi Minh in Vietnam, Jakarta and Surabaya in Indonesia, and Singapore. Swee Joo also offers transportation and haulage services; containers warehousing, handling, repairing, and washing services; and shipping agency services. The company was incorporated in 1997 and is headquartered in Kuching, Malaysia.
Swee Joo Bhd is transporting crude palm oil (CPO) and related products to China, India and Indonesia. The company is in expansion trail and planned to invest RM500mil in more tankers and container vessels in the next few years to expand its fleet. Currently, the group plans to add one or two vessels to transport logs from Papua New Guinea and Solomon Islands to China and Vietnam in view of the strong demand.
The group now owns 34 vessels, comprising a 7,000-tonne chemical tanker, 15 container ships, 10 general cargo ships and eight support vessels, which ply domestic, intra-Asean and international routes.
Swee Joo at RM 1.13, P/E around 7, and directors are accumulating more shares since a few months ago.