Their business continues to do well in the short term.
Last company comment (first 17 weeks of current financial year) : + 41 % for revenues and + 97 % for profit before tax.
Benefit from a low basis (lockdown prior period).
Their 3 divisions have a strong increase of profit, with + 184 %, in particular, for the air and ocean division which "revenue is inflated by air and ocean carrier's rate increase". "this rate increase may last well into 2022".
Interesting also to note that the MD has been buying a significant amount of shares in the market recently, while the stock does not look that cheap based on FY 21 (PE of 45x). Obviously PE 21 is not very meaningful for a company with such a growth profile.
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$71.50 |
Change
0.500(0.70%) |
Mkt cap ! n/a |
Open | High | Low | Value | Volume |
$71.00 | $71.50 | $70.75 | $3.593M | 50.53K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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$72.00 | 118 | 0 |
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