Company: Hamburger Hafen & Logistik (HHLA)
Business: A German Harbour and logistics company that are present in the biggest port of Germany dealing with the loading and unloading of containers as well as transport via railroad or trucks to bring the goods to their clients. Besides from logistic they have property in the harbour and large fruit & vegetable storage.
Active: In Germany and especially towards eastern Europe. It will be interesting to see how the effect will be of the Chinese train connections that very soon will connect directly to Hamburg. Will HHLA unload much less because everything from China will go by trains? Will it become easier and cheaper to reach east US by going over Europe first with the train? I really have no clue but I see big risks as well as chances and I am not able to value it.
P/E: 17.4
