Analyst corner: the Kerry Logistics–Sinotrans dichotomy
Seemingly chasing stock prices, for both
“Kerry Logistics Network (KLN) has risen over 90% to a historical high since end-March due to: 1) an improved trade outlook; 2) strong H120 results; and 3) a proposed spin-off of Kerry Express Thailand (KETH). With the stock trading at 18x 12-month forward p/e, we believe that [most upside] is priced in.” – UBS, sourced from a note headed “Growth and monetization outlook fairly valued”, 23 November 2020.
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Alex Lennane
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During August 2023, please contact
Alex Whiteman
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Alessandro Pasetti
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