Just some interesting story to share. I was on a business trip in Sydney and last Sunday I caught up with some friends for dinner. One of the friend is working for ZIM an Israeli shipping company operating globally. He mentioned that it cost only ~USD300 to ship one 20' container to Shanghai at the moment while it costs ~USD2500 to ship it back to Australia. It is like 10 times difference! The reason is that usually the containers go back to China is empty... This is actually quite beneficial to A2M as the shipping cost is almost become nothing! Like I mentioned last time, no news from A2M until EOY results is good news. This means no down grade. However, with current challenging market, I do not hold my breath for any upgrade either. So good luck holders!
A2M Price at posting:
$4.39 Sentiment: Hold Disclosure: Held
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