Analysis: following a successful IPO, Kerry Logistics maps out its global growth path

“Kerry Logistics is becoming the major logistics provider for the Silk Road of the 21st century, both overland and maritime,” according to George Yeo, president of Kerry Logistics Network, announcing 2015 annual results.

What a difference two years can make.

Expectations were high in December 2013, when Hong Kong-based 3PL Kerry Logistics launched its IPO. Less than a month later, its shares had already appreciated by 40% on the domestic stock market, changing hands at over HK$14.

“All the IPOs are up, it doesn’t ...