FM Global Logistics – is this poised for growth?

Bursa FM Global Logistics suffered in 2023 due to plummeting freight rates. But there seem to be a rate recovery in 2024. With its established market position, diversified operations, and strong financial base, the company should be able to capitalize on this and turnaround FMGL’s current valuation metrics suggest that the stock is undervalued from a cigar-butt investment perspective.