|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.4200 - 1.5100|
|52 Week Range||0.2300 - 1.8100|
|Beta (5Y Monthly)||1.74|
|PE Ratio (TTM)||11.61|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The Founding Shareholders of Red Sea Gateway Terminal Limited (RSGT), a privately-owned independent terminal operating company, have signed separate Share Purchase Agreements with the Public Investment Fund (PIF) and with COSCO SHIPPING Ports Limited (CSPL) (SEHK:1199) (1199.HK) through its wholly-owned subsidiary Sound Joyce Enterprises Limited, for the sale of 40% equity interest in RSGT (with 20% each) for total consideration of SAR 1,050 million / USD 280 million. The aforementioned two transactions imply an enterprise value for RSGT of SAR 3,300 million / USD 880 million.
Containerized shipping has driven up transport costs since pandemic populations shifted to goods from services. These costs will add to retail prices, but are unlikely to ignite inflation. The answer: an end to the pandemic.
Rising demand for goods from people stuck at home during the pandemic has lifted one measure of the cost of shipping by some 60% since early December. Will it also cause prices to rise?