Sino-Global Shipping America Ltd
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Industrials : Transportation Infrastructure | Small Cap Value
Company profile

Sino-Global Shipping America, Ltd. is a non-asset-based global shipping and freight logistic integrated solution provider. The Company provides solutions and value added services to its customers in the shipping and freight logistic chain sector. The Company's segments include Shipping Agency and Ship Management Services; Shipping & Chartering Services, and Inland Transportation Management Services. The Company conducts its business primarily through its subsidiaries in China (including Hong Kong), Australia, Canada, and the United States (New York and Los Angeles). The Company provides its shipping agency services in the People's Republic of China through Sino-Global Shipping Agency Ltd. (Sino-China), which holds the licenses and permits to operate local shipping agency services in the People's Republic of China. The Company's inland transportation management services are operated by its subsidiaries in China (including Hong Kong) and the United States.

Closing Price
$1.83
Day's Change
-0.12 (-6.15%)
Bid
--
Ask
--
B/A Size
--
Day's High
1.92
Day's Low
1.80
Volume
(Light)
Volume:
25,539

10-day average volume:
107,964
25,539

UPDATE: Wendy's menu analysis finds as many as 10% are chicken-only due to beef supply disruptions: Stifel

11:28 am ET May 5, 2020 (MarketWatch)
Print

Stifel analysts analyzed a random sampling of Wendy's Co. (WEN) menus and found that 5% to 10% presented a chicken-only menu. "While we believe this is a transient issue, we expect impacts to the system's beef supply will be a flash point during the earnings call and further interruptions could lead to share price volatility in the near-term," analysts led by Chris O'Cull wrote in a report. There have been concerns about meat shortages nationwide, with reports (https://www.miamiherald.com/news/coronavirus/article242480271.html) that Costco Wholesale Corp. (COST) is limiting the amount of meat customers can purchase and Kroger Co. (KR) putting limits on the amount of pork and ground beef shoppers can buy at select stores. Meat plants, including some run by Tyson Foods Inc. (TSN), have had to shut temporarily (http://www.marketwatch.com/story/meat-shortage-looms-as-coronavirus-shuts-packing-plants-leaving-farmers-with-tough-choices-2020-04-24) due to COVID-19. President Trump issued an executive order (http://www.marketwatch.com/story/trump-issues-executive-order-for-meat-processing-plants-to-remain-open-amid-pandemic-2020-04-28) for plants to remain open. "Unlike other major burger chains, Wendy's uses "fresh, never frozen" beef, which we believe gives it outsized exposure to recent disruptions," Stifel said, noting that it could be an issue when Wendy's reports first-quarter earnings, which is scheduled for tomorrow before the opening bell. Still, analysts are bullish, rating Wendy's stock buy with a $22 price target. "We continue to believe the company is well-positioned to grow the breakfast day-part as states begin to ease restrictions, providing a structural same-restaurant sales tailwind and expect the current environment has only accelerated the growth of its digital platform," the report said. MarketWatch has reached out to Wendy's for comment. Wendy's stock slumped 2.8% on Tuesday, but has climbed 1.6% over the last year. The S&P 500 index is down 2% for the past 12 months.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 05, 2020 11:28 ET (15:28 GMT)

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