Monday, 2 March 2009
Logistics in the Gulf
Logistics in the Gulf is one of our themes. The Public Warehousing Company is one of the best ways to get exposure to it. The company, yeilding 11% and sitting on a p/e of 4.94, is involved in freight storage, distribution and transport services. The trade financing side of the company is currently taking a hit but third party customs services continues to see demand.