BANL Has Potential to be the Next Major Runner Like HKD, LUNR or AMBI
CBL International Limited (BANL) is a recent IPO that started trading last week. In the five trading days of listing, it has consistently gone up on relatively little volume: This setup is reminiscent of other recent low volume spikers like Intuitive Machines, Inc. (LUNR) that ran over $100 or Ambipar Emergency Response (AMBI) that ran to $50 on relatively little volume. But the most exciting comparison will be to AMTD Digital Inc. (HKD), which ran up to $2,500 in its first couple of weeks of trading: BANL is a shipping company with operations in Malaysia, China, Hong Kong and Singapore. So like HKD, it's another stock with ties to Asia. It has strong growth with over $400 million in revenue over its reported prior four quarters and is profitable with a $0.14 EPS. So it's a revenue-generating entity like HKD and not just a shell for dilution. It has 25 million shares outstanding and a 3.2 million float. Making it considerably smaller than HKD. BANL is definitely one to watch cl