MEME - ZIM Integrated: A Short Term Hold A Long Term Buy
- In my last two articles on ZIM, I explained why the stock is a buy.
- ZIM’s 1Q 2022 revenue, adjusted EBITDA, adjusted EBIT, and net profit are higher than in 1Q 2021 and 4Q 2021.
- With its new lines and new LNG dual-fuel container vessels, ZIM is ready to benefit from the market conditions as it did in 2021.
- However, for now, I downgrade the stock to hold as my valuation shows that ZIM is worth $65 to $68 per share. I do not expect a rally to happen in the short term.
- Based on the company's financial performance and my expectations of the market conditions, ZIM stock is a long-term buy.
For further details see:
ZIM Integrated: A Short Term Hold, A Long Term Buy