The logistics sector is expected to perform better riding on the eCommerce boom. This is one of the reasons why Knight Frank has a positive view on Malaysia’s logistics industry
btw, the local eCommerce gross merchandise volume is expected to grow at a compound annual growth rate of 7% from 2023 to 2027, with size reaching RM1.9 trillion by 2027 from RM1.4 trillion in 2023
All these 'sifu', at price 0.25...shouting going to 0.30, at price 0.22...shouting good bargain. Now price is 0.20...what to shout? Super cheap? lol....
In recent weeks, prices have increased sharply with the cost to transport a container to Europe reaching US$4,000 to US$5,000, more than double what it was during the same period last year
Similarly, shipping costs to the United States have increased to US$6,000 - US$7,000 for a container.
The indicators see strong upside potential with short term resistance at RM0.225 level and mid-term resistance level at RM0.260 level. Fundamentally, KGW Group will be driven by elevated sea freight rates globally, should deliver good profits in the coming quarters
KGW's revenue surged by 136.61% in Q2 2024 and 97.19% year-to-date, driven by the ocean freight segment, which contributed over 95% of total revenue. This increase led to a PBT of RM1.91 million for the quarter and RM3.26 million year-to-date, reflecting growth from the previous year.
KGW strong YoY and QoQ growth in revenue and profitability, driven by strong sea freight rates and strategic initiatives - expansion into e-commerce solutions, special handling, storage solutions and warehouse relocation
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
jomvalueinvest2
155 posts
Posted by jomvalueinvest2 > 2024-08-15 10:04 | Report Abuse
Give you chance to tap in before it shoots up at the end of this month😁