Report
Fehmi Ben Naamane

Hapag-Lloyd : More caution required. Neutral, target price adjusted to € 120

>A start to the year that has been positive to date - Hapag-Lloyd has published final full-year results perfectly in line with preliminary figures. The dividend announcement came as no surprise, although a shade above forecasts. With regards to the outlook, and during the conference call, management's tone was very constructive on the current Q1, with anticipated growth in demand (bearing in mind the favourable comparison base) and high prices. This situation could la...
Underlying
Hapag-Lloyd AG

Hapag-Lloyd is a container liner shipping company. Co.'s core business is the shipping of containers by sea but also encompasses transport services from door to door. Co. transports hazardous goods by sea, road, rail, and inland waterway vessels; and provides reefer solutions to transport temperature-sensitive products, including perishable cargoes; and high value reefer cargoes, such as pharmaceuticals, healthcare products, and more. Co. also offers security information services; e-commerce solutions in the shipping industry; logistics services, such as pre-carriage and on-carriage transport services; and customs clearance services.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Fehmi Ben Naamane

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