2024-05-22 02:39:56 ET
Summary
- ZIM's stock has appreciated by over 80% and container rates have skyrocketed since the last article.
- The Red Sea situation remains unchanged, with no expectations for improvement, leading to high container rates.
- Fair value between $20 and $25 maintained.
I have covered ZIM Integrated Shipping Services Ltd. (ZIM) previously. Investors should view this as an update to the previous articles on the company, where I provided an extensive business overview and explained the investment thesis in detail....
Read the full article on Seeking Alpha
For further details see:
ZIM Integrated Shipping: Best Quarter Ahead, However Easy Money Already Made (Rating Downgrade)