WTC

Most forwarding companies have a sharp decline in volume and margin, however profits remains higher than pre-covid level. Agree transactional volume from those large freight forwarder does not help but remember wise tech charge on a per file base or per user base. File count do not necessarily decline as much as volume.

2nd point it’s customs module roll out does add a lot of weight to its bottom line. It is significant.

It recent buys align with company strategy which continue penetrating its products to land logistics.

WTC has truly grown to be world famous company backed by giant logistic names behind it. For those large forwarding companies it becomes extremely difficult to switch or leave WTC. This leave plenty of opportunity for WTC continuing delivering value added solution to increase it revenue with little cost.

So for WTC there is a long road ahead to continue growing, may not at pace we have seen from past few years but the growth story does not end in the foreseeable future. It is already au best tech firm and the potential is vast.

knowing the big picture help you with your investment strategy.