WISETECH GLOBAL LTD (WTC.AU) saw its stock price plummet by 5.03% during intraday trading on Thursday, marking a significant downward movement for the logistics software developer.
The sharp decline follows market analysis highlighting potential long-term risks to WiseTech's business model. According to a Citi note, while DSV's faster-than-expected integration of DBSchenker could provide a near-term revenue tailwind for WiseTech, the greater scale achieved by DSV means the logistics giant is now looking at developing its own in-house logistics solution over time. Analysts estimate that DSV could represent approximately 15% of WiseTech's fiscal 2029 Ebitda, making the potential loss of this major customer a significant concern for investors.