CWT stays side way for quit some time with low volume. Currently is trading in the range between 1.38 - 1.45, can consider to accumulate at this range of price for mid-term trade. Critical support is at 1.38 and as long as the price stays above this support level the stock is still in play. Cut loss will be at 1.37 or 1.36.
Business Summary:
CWT Limited is engaged in the provision of warehousing and logistics services, transportation services, import and export services cargo consolidation and freight forwarding services, container depot operations, commodities supply chain management, collateral management services, engineering services, design-and-build of logistics facilities and financial services. Its operating segments include logistics services, commodity supply chain management, engineering services and others. It focuses and operates its logistics business mainly in commodities; defence; food and beverage; freight forwarding; marine and petrochemicals & chemicals. The Commodity Supply Chain Management is engaged in metals and minerals trading. The engineering services provides a range of maintenance and management services for facilities,vehicles and equipment fleet. In October 2013, CWT Limited announced establishment of Horizon Energy d.o.o. Beograd in Serbia.
