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Analysts expect strong showing from Matson on Alaska trade gains
MATSON Inc is expected by analysts to increase its revenue to US$2 billion in 2016 and earn $2.40 per share, as its operational performance is solid and its stock looks to have strong upside potential towards 30 per cent in the near term, according to Seeking Alpha analyst James Sands.
Mr Sands said the revised outlook "may be associated with a misunderstanding for the prospects of the recent acquisition of the Horizon Lines Alaska business.
"Matson's Alaska business segment appears to have performed better than the competition when compared to Northwest Seaport Alliance TEU traffic," he said.
"The Alaska business will add value for MATX over the long term; the company's integration transition sets the table for added investor value."
Mr Sands added: "Ultimately, I am bullish on the company for the simple reason that it continues to focus on providing transport service for goods in demand and maintaining strong relationships with its customers.
"Matson has achieved twice as many seaport calls during the month of March 2016 and likely outperformed the two barge carriers during the back-half of 2015."
Mr Sands said the revised outlook "may be associated with a misunderstanding for the prospects of the recent acquisition of the Horizon Lines Alaska business.
"Matson's Alaska business segment appears to have performed better than the competition when compared to Northwest Seaport Alliance TEU traffic," he said.
"The Alaska business will add value for MATX over the long term; the company's integration transition sets the table for added investor value."
Mr Sands added: "Ultimately, I am bullish on the company for the simple reason that it continues to focus on providing transport service for goods in demand and maintaining strong relationships with its customers.
"Matson has achieved twice as many seaport calls during the month of March 2016 and likely outperformed the two barge carriers during the back-half of 2015."
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