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Kuehne + Nagel International AG (OTCMKTS:KHNGY – Get Free Report) has been assigned an average rating of “Reduce” from the eight analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the […]
Shareholders of Allcargo will get 1:1 shares in the demerged Allcargo ECU Limited and continue to hold their shares in Allcargo Logistics, which will now be the resulting entity holding Express and Contract Logistics business directly.
Ravi Jakhar says: “Until the Red Sea disruptions get diffused, we will have to route the sailings via Cape of Good Hope, which means additional transit time, somewhat additional costs, and there would also be a bit of an increase in the war risks surcharges as the insurance costs go up. So, there will be a bit of a cost escalation. But from a volume standpoint, we do not see much impact.”
Shareholders of Allcargo will get 1:1 shares in the demerged Allcargo ECU Limited and continue to hold their shares in Allcargo Logistics, which will now be the resulting entity holding Express and Contract Logistics business directly.
Allcargo’s latest round of restructuring could be beneficial for shareholders, but analysts suggest a wait and hold call for the stock