Understanding the Market | KERRY LOG NET currently up over 14%, the impact of Trump's tariff policy on the company's IFF business volume remains to be seen
KERRY LOG NET rose over 17% during the session, and as of the time of writing, it is up 14.33%, trading at HKD 6.7, with a transaction volume of HKD 57.0843 million. In terms of news, U.S. President Trump stated on the 9th local time that he has authorized a 90-day suspension of tariffs on countries that do not take retaliatory actions; ASEAN economic ministers issued a statement saying that ASEAN is committed to not taking retaliatory measures against U.S. tariffs. However, Citigroup indicated that the 10% baseline tariff, which remains in effect during the 90-day suspension of reciprocal tariffs, along with tariffs on specific industries, still raises the effective tariff rate in the U.S. by about 21 percentage points compared to the beginning of this year. DBS previously pointed out that KERRY LOG NET's extensive Southeast Asian network will benefit from the "China +1" strategy, while the synergy with SF Holding will enhance, driving long-term growth. Citigroup published a research report stating that KERRY LOG NET's international freight forwarding business (IFF) is mainly concentrated on trans-Pacific routes, and the implementation of tariffs may be worse than expected, negatively impacting the group's IFF business volume
According to Zhitong Finance APP, KERRY LOG NET (00636) rose over 17% during the trading session, and as of the time of writing, it has increased by 14.33%, trading at HKD 6.7, with a transaction volume of HKD 57.0843 million.
In terms of news, U.S. President Trump stated on the 9th local time that he has authorized a 90-day tariff suspension for countries that do not take retaliatory actions; ASEAN economic ministers issued a statement saying that ASEAN is committed to not taking retaliatory measures against U.S. tariffs. However, Citigroup indicated that the 10% baseline tariff, which remains effective during the 90-day suspension of reciprocal tariffs, along with tariffs on specific industries, still raises the effective tariff rate in the U.S. by about 21 percentage points compared to the beginning of this year.
DBS previously pointed out that KERRY LOG NET's extensive Southeast Asian network will benefit from the "China +1" strategy, while the synergy with SF Holding will enhance long-term growth. Citigroup published a research report stating that KERRY LOG NET's international freight forwarding business (IFF) is mainly concentrated on trans-Pacific routes, and the implementation of tariffs may be worse than expected, negatively impacting the group's IFF business volume
