Shernice軒嬣 2000
10-04

$ZIM Integrated Shipping Services Ltd.(ZIM)$ 

The recent downgrade from "Buy" to "Hold" by Jefferies, citing stock price was hovering around $25, seems unjustified and is worsened by the ongoing labor strikes at U.S. East and Gulf Coast ports. ZIM's heavy reliance on Red Sea shipping routes, which have faced disruptions attributed by the Middle East tensions, has effectively reduced 12% of its ship availability.

Jefferies explained that these strikes had caused major disruptions, as these ports manage 50% of U.S. containerized imports and 60% of exports—though the issue has now been resolved. Despite this, the stock price plunged by 15% today. I believe at $18.25 is a super good entry price. 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment