Understanding the Market | Kerry Logistics rises over 6% as the tariff game continues, enhancing the synergy effect of the company SF Holding
Kerry Logistics rose over 6% again, as of the time of writing, up 6.04% to HKD 8.6, with a transaction volume of HKD 59.616 million. On the news front, U.S. Treasury Secretary Janet Yellen stated that the originally scheduled deadline for the U.S.-China tariff truce next month is flexible, and market participants need not worry about the deadline. Current negotiations between China and the U.S. are "going well," and both sides are expected to hold talks in the coming weeks. DBS previously stated that Kerry Logistics' extensive Southeast Asian network will benefit from the "China +1" strategy, while the synergy with SF Holding will enhance long-term growth. Public information shows that in 2021, SF strengthened its local and cross-border express, international supply chain, and international freight forwarding capabilities in Southeast Asia by acquiring Kerry Logistics. Kerry Logistics is a leading third-party logistics service provider in Asia, operating in 59 countries and regions. Kerry Logistics has built core barriers in the freight forwarding sector, ranking 11th in global air freight forwarding and 9th in sea freight forwarding in 2024
According to Zhitong Finance APP, Kerry Logistics (00636) has risen over 6% again, with a current increase of 6.04%, priced at HKD 8.6, and a trading volume of HKD 59.616 million.
On the news front, U.S. Treasury Secretary Janet Yellen stated that the originally scheduled deadline for the U.S.-China tariff truce next month is flexible, and market participants need not worry about the deadline. The current negotiations between China and the U.S. are "in a good state," and both sides are expected to hold talks in the coming weeks. DBS previously indicated that Kerry Logistics' extensive Southeast Asian network will benefit from the "China +1" strategy, while the synergy with SF Holding will enhance long-term growth.
Public information shows that in 2021, SF strengthened its local and cross-border express, international supply chain, and international freight forwarding capabilities in Southeast Asia through the acquisition of Kerry Logistics. Kerry Logistics is a leading third-party logistics service provider in Asia, with operations covering 59 countries and regions. Kerry Logistics has built core barriers in the freight forwarding sector, ranking 11th in global air freight forwarding and 9th in sea freight forwarding in 2024
