Litchfield Hills analyst Theodore O’Neill initiated coverage of Globavend (GVH) with a Buy rating and 40c price target The firm says Globavend is an e-commerce logistics provider, offering logistics solutions in Hong Kong, Australia, and New Zealand. It believes the company has a 1% to 5% share of the e-commerce shipping market in its service territory, which leaves “substantial growth opportunities” in a fragmented market.
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