Sentiment, more than fundamentals, behind rout in port counters

Thu, Apr 05, 2018 - 5:50 AM

Lee Meixianleemx@sph.com.sg@LeeMeixianBT

LAST week's sell-off in port counters was likely the consequence of a sentiment turn more than any change in specific fundamentals of individual companies. Just like the adage that says "a rising tide lifts all boats", perhaps it is also true that an ebbing one also sinks them.

The vessel...