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Garnry: Why I think Maersk is undervalued

Maersk is known for its containers around the world. But from oil to terminals, the Danish company is about much more than just shipping. Despite the falling oil price, Saxo's Peter Garnry says this is a business to consider investing in.

But over the weekend, the CEO of Maersk Line, Søren Skou, warned that global trade growth could slow this year. He also said the days of container growth of 10% are long gone. Garnry says while there may be a permanent shift downwards, he thinks Maersk is always conservative in their outlook.

Peter believes the stock is undervalued. On Friday it closed at 15,300 Danish Kroner a share but he believes a fair value would be 20,000 DKK. He does though believe it will take time for the stock to be repriced so it's one to hold for the longer term.

03:13 minutes
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