Unveiling Evergreen Marine Corp (2603) Earnings: 9M Net Income Hits NT$32.04B

Evergreen Marine Corp on Smartkarma

According to the research reports on Smartkarma, independent analyst Daniel Hellberg has provided positive coverage of Evergreen Marine Corp. In his report “Monthly Container Shipping Tracker | Rebound in NAM Volume Could Be Inflection Point (October 2023)“, Hellberg observed that pricing momentum remains stagnant, but a sharp rebound in container volumes moving into the ports along North America’s Pacific coast could be an inflection point. In addition, he believes the Maersk results due in November will provide guidance on the US inventory de-stocking commentary.

In his report “Evergreen Marine: ‘H1 Earnings Plunged Dramatically Y/Y’ | Also, ‘H1 Earnings Were Pretty Damn Good’“, Hellberg noted that although Evergreen, Maersk, and ZIM have all reported H1 results and their margins and returns were a fraction of what they were in 2021-22, H123 earnings were surprisingly good by historical standards. In his report “Monthly Container Shipping Tracker | Rates Stable | Strike Averted | Fuel Prices Lower (June 2023)”, he further commented that the cleanup of the West Coast slowdown and lower fuel prices should serve as Summer tailwinds, and that conditions could improve in H2 2023.

A look at Evergreen Marine Corp Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Evergreen Marine Corp. (Taiwan) Ltd. is a leading freight transportation company that operates container ships to move freight around the world. The company also has interests in terminals, airline operations and motor freight transportation, as well as container manufacturing.

The Smartkarma Smart Scores give Evergreen Marine Corp a 1-5 score for overall outlook, with a score of 5 indicating the best outlook. The company scored a 5 in Value, Dividend, Growth, Resilience and Momentum, which suggests that Evergreen Marine Corp is well-positioned for long-term success.

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