Forwarders face profitability test as freight markets look set to stabilise
As global freight markets begin to show signs of stabilisation after months of disruption, the industry’s largest forwarders have shown ...
These aren’t the good days for Hong Kong’s Kerry Logistics.
In spite of a proposed spin-off announcement, broader market volatility and other structural factors weighing on value – its relatively small free float, for instance – have dragged down its shares, now still looking for the bottom.
Courtesy of The Financial Times’ key stats section, here is where they trade (all values in HK$, ex %): “As of last trade Kerry Logistics Network Ltd (636:HKG) traded at 10.50, 0.38% above its 52-week low ...
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