24/7 Market News Snapshot 03 June, 2025 – CBL International Limited Ordinary Shares (NASDAQ:BANL)

June 3, 2025

DENVER, Colo., 03 June, 2025 (www.247marketnews.com) – (NASDAQ:BANL) are discussed in this article.
In a significant trading surge, CBL International Limited (NASDAQ:BANL) saw its ordinary shares experience a remarkable increase, opening at $0.927 and peaking at $1.577, reflecting an astonishing rise of 70.49% in a single session. This impressive momentum, characterized by a trading volume of 1.46 million shares, showcases heightened investor confidence in the company’s prospects. With positive technical indicators suggesting a continued upward trend, CBL represents a compelling opportunity for investors looking to capitalize on its potential.

In conjunction with this market enthusiasm, CBL International Limited recently announced a new share repurchase program, authorizing the buyback of up to $5 million worth of its shares, or a maximum of 5 million shares. Set to remain active until April 15, 2028, this initiative underscores the Board of Directors’ belief in the company’s intrinsic value and long-term growth prospects. Dr. Teck Lim Chia, Chairman and CEO, emphasized the program’s strategic importance, stating, “The current market price of our shares does not fully reflect the strength of our business. This program reflects our commitment to delivering sustained value to our stockholders as we continue to grow.”

Moreover, CBL reported robust financial performance for FY2024, achieving consolidated revenues of $592.52 million, which represents a 35.9% increase from the previous year. This growth was propelled by a 38.1% rise in sales volumes, attributed to an expansive supply network and a newly acquired customer base among maritime operators. CBL’s strategic investments in sustainable initiatives, particularly in biofuels, along with planned port expansions, position the company favorably for continued success. As it embraces innovation and strengthens partnerships within the shipping industry, CBL is committed to enhancing its contribution to global trade and operational excellence.

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