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Menzies (John) - Sets up Chinese cargo j/v

July 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • MNZS
  • Price:
  • 316p
Last month I pointed out Menzies had around 10 acquisitions and/or joint ventures planned to accelerate growth after it had raised £22m to facilitate such deals (£5.3m being subscribed by insiders). It is therefore pleasing to see it expand into the Chinese cargo market, buying a minority stake in Guangzhou JFreight Aviation for £3.4m. The joint venture will see Menzies operate a new cargo terminal at Guangzhou Baiyun International Airport in China, one of the world's busiest airports, on behalf of JFreight. Menzies' initial focus will be on the handling of product related to the fast growing Chinese e-commerce market with the potential to expand into more general air cargo handling for airlines in the future.&n ...

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