Cloud-based logistics company WTC hit all-time highs this week after releasing an excellent result with a 2% beat at the revenue line and a Net Profit After Tax (NPAT) which was ~20% ahead of consensus. Its CargoWise platforms are designed using AI and robotics, and the company has expanded rapidly over recent years, buying companies like Shipmax in 2022, which already uses AI and machine learning. Other purchases such as Blume Global, Matchbox Exchange and Sistemas Casa have demonstrated the company’s ability to successfully expand its global business, increasing its underlying tech and AI along the journey.
- We like WTC but don’t plan to chase into current strength – it’s fallen ~$25-30 three times over recent years, so why not again?
MM is neutral WTC ~$90
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