Why China's port giants are sitting out the big M&A cycle
Avoiding the post-mortem
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106001375
© Marko Bukorovic
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Dreamstime.com
On Black Tuesday 24 October 2023, one of the long-standing bulls backing DSV had to give up.
Apparently it couldn’t stand the narrative any longer.
Enter UBS.
Cutting its price target on DSV to Dkr1,400 from Dkr1,500 was duly necessary – and even that, really, can be still perceived as way too rich; surely true, in light of a two-day performance that to yesterday’s closing read -13% in 48 hours. And today DSV hit a new 52-week low in early trade, down over ...
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