ZIM Integrated Shipping Services (#ZIM) Weekly Special Report based on 1 Lot Calculation:
GLOBAL SHIPPING MARKET:
- The global shipping industry is a vital component of the international trade network, facilitating the movement of goods across borders and connecting markets worldwide. It encompasses various modes of transportation, including container ships, bulk carriers, tankers, and specialized vessels, catering to diverse cargo types and requirements.
- As of September 2021, the estimated market value of the global shipping industry was over $500 billion. The shipping industry accounts for over 80% of the world's trade by volume, making it a crucial driver of economic growth and globalization. In terms of cargo volume, the global shipping industry transported approximately 11 billion tons of goods in 2020.
ZIM (#ZIM)
- THE COMPANY: ZIM is a globally renowned shipping company that has been a key player in the maritime industry since its establishment in 1945. Known for its commitment to innovation and sustainability, ZIM provides comprehensive shipping solutions, including container shipping, logistics, and terminal operations, facilitating the efficient and reliable transportation of goods across the world.
NEWS AND EVENTS:
- ESCALATING TENSIONS IN RED SEA: As attacks by Houthi Rebels on ships in the Red Sea continue and become more frequent, shipping companies including ZIM, MSC, Maersk and CMA CGM and oil companies such as BP are diverting their ships around Africa (Cape of Good Hope) which:
- Increases the journey distance by 40%
- Increases voyage duration by 12 days.
- RISING SPOT RATES FOR SHIPPING: Shipping rates from Asia to Northern Europe are up 173% compared to before shippers started rerouting shipments, and rates to North America's East Coast are up 52%, according to a report from Freightos, a booking and payments platform for international freight. As a result, these increased shipping rates translate into more revenue for shipping companies like ZIM.
- EVENT (EXPECTED: MARCH 13 2024 - Q4 2023 EARNINGS): ZIM is expected to release its Q4 2023 earnings report on March 13th 2024. ZIM has beaten 9 of its last 12 Quarterly Revenue estimates (75%) and 7 of its last 12 Quarterly Earnings per Share estimates (58%) (Source: Bloomberg)
Source: Bloomberg, Source: MT4 Platform
Please note that past performance does not guarantee future results.
Source: Bloomberg, Source: MT4 Platform
Please note that past performance does not guarantee future results.
STOCK PRICE ACTION AND FORECASTS:
- PRICE ACTION: Zim stock is currently trading at ~86% below its all-time high of $91.23 (March 17th 2022). The stock is ~93.5% up from its all-time low of $6.59 on November 28th 2023. The stock has an upside potential of ~615%. Although the price could go down.
ZIM Integrated Shipping Services (#ZIM) January 10, 2024
Current Price: 12.75
ZIM |
Weekly |
Trend direction |
|
24.00 |
|
20.00 |
|
16.00 |
|
9.60 |
|
9.00 |
|
8.50 |
Example of calculation based on weekly trend direction for 1 Lot1
ZIM |
||||||
|
||||||
Profit or loss in $ |
56,250.00 |
36,250.00 |
16,250.00 |
-15,750.00 |
-18,750.00 |
-21,250.00 |
Profit or loss in €² |
51,372.21 |
33,106.53 |
14,840.86 |
-14,384.22 |
-17,124.07 |
-19,407.28 |
Profit or loss in £² |
44,198.76 |
28,483.65 |
12,768.53 |
-12,375.65 |
-14,732.92 |
-16,697.31 |
Profit or loss in C$² |
75,207.66 |
48,467.16 |
21,726.66 |
-21,058.14 |
-25,069.22 |
-28,411.78 |
- 1.00 lot is equivalent of 5000 units
- Calculations for exchange rate used as of 09:20 (GMT) 10/01/2024
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