Comment / ‘Dead wood’ DHL stealing share from DSV-Schenker? Not so fast…

ID 46362722 © Andrey Popov | Dreamstime.com

Don’t underestimate the strength…

… of DHL Group’s portfolio.

Right?

That was the key message from CFO Melanie Kreis during the call with equity analysts today after the German logistics integrator’s Q2 update that led to a +5% (relief) rally for the stock in early trade.

Pity that strength on the market was short-lived: soon after the call ended, DHL’s rise read +1.8% to €39.8, leaving plenty of room to debate whether the bulls and bears will find agreement on fair value anytime soon.

Then ...