“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. 

What’s next, then?

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.