Dead until manufacturing and export re-exapand
The management at ZIM was dead wrong for their optimistic outlook earlier this year. They forecasted a net positive earning for 2023 with plans for investment and expansion with new additions to their fleet!
Their outlook was basically no-landing or very soft-landing scenario. The reality is: the world is going into a recession which is already damaging Europe. China manufacturing is contracting, export is very low, and tremendous over supply in the shipping industry.
This is still a very good company, but a lot more pain to come! No dividend till 2025 probably!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment