Analysts' expectations for Maersk's earnings in 2021 have started to look conservative after container rates have stabilized somewhat following small rate dips in recent weeks, assesses analyst firm Jefferies.
"The SCFI (spot rate index, -ed.) remained stable this week, while the CCFI (China Containerized Freight Index, -ed.) further increased 4 percent, making Maersk FY21E consensus expectations look conservative," writes Jefferies.
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