Australia's Silk Logistics delivers best session on rosy outlook

Silk Logistics Holdings

15/11/2021 04:54

** Shares of Australia's Silk Logistics Holdings  SLH.AX 
jump as much as 9.43% to A$2.32 after co issues positive outlook
at AGM; mark their biggest intraday percentage gain 
    ** The logistics co says average warehouse storage
utilisation YTD at 82.1%, above FY22 prospectus forecast of
80.1%  urn:newsml:reuters.com:*:nASX7b1jXf 
    ** Says it renewed or extended 7 major contracts within
contract logistics and secured three clients on long-term
contracts in Port Logistics
    ** Confident that it will secure at least one acquisition in
the current financial period to strengthen Silk's capabilities
    * Stock hits highest level since Oct 20
    ** About 247,000 shares have been traded, vs the 30-day
average of about 93,000 shares
    ** Silk Logistics stock down 15.2% since ASX debut on July
9, as of last close 
    

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))