My downside target is $6.5
$ZIM Integrated Shipping(ZIM.US$ Super expensive for me for new position, and time to book profit (if any)! I don't see any sustain upside from here. My in-depth analysis is indicating that 'likely' it will go down to test it support at 6.5.
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Greetings! As an avid investor, I actively manage a diverse portfolio spanning the dynamic landscapes of the stockmarket
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6686 : I see ZIM fair value of roughly $10. looking at it's past performance, even with the best freight rate in Q1, they are just earning at 92 mil profit. I forsee a streak of negative earnings in the next few quarters.
70661304 6686: Why will there be negative returns in the future when freight rates are getting higher and higher?
6686 : because the next few quarters freight rate might not be good. therefore will result in negative earnings. I would say Q1 was the best but result wasn't up to expectation for ZIM
6686 70661304: In fact, freight rates are not getting higher. They are high now, and there are no Q1 highs. If Q1 only earns a little, do you think Q2, 3, and 4 will make money next?
70661304 6686: Where did your picture come from? My reference has always been the wci index. The data in your picture doesn't seem very correct
6686 70661304: I think you are referring to the wrong chart instead, if WCI is the correct freight rate that you are referring to, TEU rate will not be just 1492 on average for Q1.
70661304 6686: As far as I know, container freight prices and earnings are lagging behind. In any case, I don't know where your references come from? It's fine to figure this out, because as far as I know, the fbx index and wci index are two references
6686 70661304: I've done so much research on what index they are using and coming to the closest was Baltic Exchange dry index, which is the main sea freight index, a measure of global shipping cost.
6686 6686: if they are using WCI as reference, Q1 TEU rate would have been avg of TEU rate of $3000
70661304 6686: Aha, then I know what the problem is. ZIM is a container shipping company, and what you need to check is the container freight price. That is, WCI Index and FBX Index, they are freight. Dry bulk is a completely different field. Dry bulk refers to the transportation of raw materials, such as coal, grain, and fertilizer. You can't discuss container shipping companies but refer to the Dry Bulk Index.
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