Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Monthly Container Shipping Tracker | Maersk, Evergreen, ZIM Report Disparate Results (November 2023)

Thanks to High Cargo Yields & Early Tourism Rebound, EVA & CAL Remain Highly Profitable in H223

Eva Airways (2618 TT, BUY, TP:TWD34.90) The Best, but Not the Cheapest

Monthly Container Shipping Tracker | Rates Stable | Fuel (Barely) Lower Y/Y | (September 2023)

Monthly Container Shipping Tracker | Rebound in NAM Volume Could Be Inflection Point (October 2023)

Maersk Q2: Raised FY23 Guidance | Beat on Earnings, Too | Takeaway: Conditions Not Disastrous

TS Lines Pre-IPO | Slimming Down Fleet | Intra-Asia Market Update | Latest From Key Comp Wan Hai

TS Lines Pre-IPO | Like Wan Hai Lines, but Smaller | Intra-Asia Update | Approaches to Valuation

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Equity Bottom-Up

AP Moeller - Maersk A/S / Equity Bottom-Up

<ul>
<li>Container shipping giant Maersk met Q3 expectations and maintained earlier FY23 guidance</li>
<li>However, downbeat commentary combined with capex and job cuts sent shares -17% lower</li>
<li>Maersk does not expect any recovery in '24, but we believe this pessimism already in prices</li>
</ul>


Container shipping giant Maersk met Q3 expectations and maintained earlier FY23 guidance
However, downbeat commentary combined with capex and job cuts sent shares -17% lower
Maersk does not expect any recovery in '24, but we believe this pessimism already in prices


Maersk Q3: Estimates Met, Guidance Kept | But Downbeat Assessment of Market Sends Shares Down -17%