DSV completes DB Schenker buy as it notes strong Q1 performance by Air & Sea
Danish 3PL DSV formally completed its €14.3bn ($16.3bn) acquisition of German peer DB Schenker today, ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
A fascinating op-ed from Singapore’s Straits Times, looking at the strategic options for the mighty Chinese e-commerce platform Alibaba following its listing on the Hong Kong Stock Exchange. The IPO is expected to raise an astonishing US$43bn for the company – of the world’s largest non-financial corporations, only Apple has more cash on its books. However, the writer asks whether this is a gift or a curse? “Then you realise that management literally has more money than it knows what to do with. Chief executive officer Daniel Zhang and Maggie Wu, the chief financial officer, have three choices: do nothing, just sit on that cash in a low-interest-rate world; spend it on acquisitions and marketing, [although] historically, this has depressed margins; give it back [through] dividends, maybe, but more likely, buybacks.”
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