Guidance on tariffs – FedEx top brass on hand to help
Love the cat but there’s a lot to unpack
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
SF Express, which has been eying an IPO for some months, is planning a back-door listing on the Shenzhen Stock Exchange in a valuation worth Rmb43.3bn ($6.6bn).
Maanshan Dingtai, a steel wire maker, will take over SF Holdings via an asset swap deal, according to SCMP. SF’s chairman will run the company. An analyst noted that SF was hungry for cash but concerned over complexities and delays in getting listed. The express company has ambitious plans, including building a cargo airport in Hubei and adding to its aircraft fleet. Rivals STO Express and YTP Express have also announced plans to do a reverse listing.
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