Matson has just reported preliminary earnings before US market open on 19 Jan,
as the first container liner to report 4Q 2022 bottom line results. Preliminary
net earnings in between $69.9mn and $74.8mn, down 72% QoQ and 81% YoY. In EPS,
it would be about $1.88 to $2.01, much lower than the capital market consensus
of $3.42 (source: Refinitive IBES). To be fair, this set of results are better
than our expectation as we expect Matson could be close to loss making since, in
our estimates, probably