DBS: Slightly raises KERRY LOG NET target price to HKD 10.63, rating "Buy"
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DBS released a research report stating that excluding discontinued operations, KERRY LOG NET's core net profit last year increased by 12% year-on-year to HKD 1.36 billion, benefiting from the strong growth of the International Freight Forwarding (IFF) business. The group's extensive Southeast Asian network will benefit from the "China +1" strategy, while the synergy with SF Holding will enhance, driving long-term growth. The bank maintains a "Buy" rating on KERRY LOG NET, with the target price slightly raised from HKD 10.23 to HKD 10.63
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