CTI Logistics may be a stock to target
Brokers are anticipating organic and acquisitive growth in the longer term for the WA-based courier and freight group, despite its challenges.
Western Australian-based provider of transport and logistics services, CTI Logistics , has been negatively affected by a general slowdown in market activity impacting its metropolitan courier and resources-related operations.
However, CTI has continued with its expansionary plans across its transport, warehousing and logistics businesses, and given the sharp selloff in its shares it may be a stock to target, particularly given its strong record of robust return on equity and regular dividends.
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