DBS: Slightly raises KERRY LOG NET target price to HKD 10.63, rating "Buy"
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
According to Zhitong Finance APP, DBS released a research report stating that excluding discontinued operations, KERRY LOG NET (00636) saw its core net profit increase by 12% year-on-year to HKD 1.36 billion last year, 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 (06936) 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
