Forwarders face profitability test as freight markets look set to stabilise
As global freight markets begin to show signs of stabilisation after months of disruption, the industry’s largest forwarders have shown ...
“Valuation still stretched after share price correction: SF’s share price has dropped c.20% after the announcement of a surprising Q1 ’21 net loss.” UBS noted this week in a note titled: “Is the recent correction a buying opportunity?”
Also, what about the M&A fillip? Gone.
The broker, which didn’t touch upon that side of things, however – reiterating its “Sell” recommendation but predicting more downside – is concerned about other matters as far as the purchase of Kerry is concerned, as “we see further downside ...
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