Declared Dividend • May 21
Final dividend of HK$0.16 announced Shareholders will receive a dividend of HK$0.16. Ex-date: 26th May 2026 Payment date: 8th June 2026 Dividend yield will be 25%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 21
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Non Executive Director Simon Lai was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Mar 30
KLN Logistics Group Limited, Annual General Meeting, May 21, 2026 KLN Logistics Group Limited, Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Annonce • Mar 06
KLN Logistics Group Limited to Report Fiscal Year 2025 Results on Mar 30, 2026 KLN Logistics Group Limited announced that they will report fiscal year 2025 results on Mar 30, 2026 Annonce • Aug 08
KLN Logistics Group Limited to Report First Half, 2025 Results on Aug 28, 2025 KLN Logistics Group Limited announced that they will report first half, 2025 results on Aug 28, 2025 Annonce • Jun 30
KLN Logistics Group Limited Appoints Wong Yu Pok Marina as Member of the Nomination Committee, Effective 30 June 2025 The board of directors of KLN Logistics Group Limited announced that Ms. WONG Yu Pok Marina, an independent non-executive Director of the Company, has been appointed as a member of the nomination committee of the Company (the "Nomination Committee") with effect from 30 June 2025. Following the aforesaid appointment, the composition of the Nomination Committee comprises six members, namely Mr. TAN Chuen Yan Paul (chairman), Mr. WANG Wei, Mr. KUOK Khoon Hua, Dr. CHEUNG Wai Man, Mr. LAI Sau Cheong Simon and Ms. WONG Yu Pok Marina. Annonce • Mar 06
Kerry Logistics Network Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Kerry Logistics Network Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Annonce • Nov 21
Kerry Logistics Network Limited Appoints Wong Siew Loong as Chief Commercial Officer for the Group & Managing Director for South East Asia Kerry Logistics Network Limited announce the appointment of Wong Siew Loong as its Chief Commercial Officer for the Group and Managing Director for South East Asia. The appointment is a key step in accelerating KLN's growth strategy and advancing its development plan across the globe. With more than 25 years of experience in the global transportation and logistics sector, Siew Loong joins KLN from Kuehne+Nagel where he last served as President of the Asia Pacific region and brings extensive international experience and proven track record. Based in Singapore, Siew Loong will lead KLN's global commercial growth strategies and operational advancement efforts to unlock new opportunities and drive greater growth. New Risk • Sep 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 29
First half 2024 earnings released: EPS: HK$0.33 (vs HK$0.20 in 1H 2023) First half 2024 results: EPS: HK$0.33 (up from HK$0.20 in 1H 2023). Revenue: HK$25.4b (flat on 1H 2023). Net income: HK$602.8m (up 65% from 1H 2023). Profit margin: 2.4% (up from 1.4% in 1H 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Annonce • Aug 08
Kerry Logistics Network Limited to Report First Half, 2024 Results on Aug 28, 2024 Kerry Logistics Network Limited announced that they will report first half, 2024 results on Aug 28, 2024 Upcoming Dividend • May 17
Upcoming dividend of HK$0.13 per share Eligible shareholders must have bought the stock before 24 May 2024. Payment date: 06 June 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.1%). Annonce • Mar 28
Kerry Logistics Network Limited Announces Re-Designation of CHEUNG Ping Chuen Vicky as Chief Executive Officer, Effective April 1, 2024 The board of directors of Kerry Logistics Network Limited announced that Mr. CHEUNG Ping Chuen Vicky, an Executive Director and the Group Managing Director of the Company, will be re-designated as the Chief Executive Officer of the Company with effect from 1 April 2024 until such time as determined by the Board. Mr. Cheung's position as an Executive Director of the Company remains unchanged. Mr. Cheung, aged 64, has been an Executive Director of the Company since April 2020. Mr. Cheung became the Managing Director of the Company in July 2022 and was re-designated as the Group Managing Director of the Company in October 2023. He is the chairman of each of the Finance Committee and the Risk Management Committee of the Company, and also a member of the Remuneration Committee of the Company. Mr. Cheung is a director of Apex Maritime Co. Inc. and its affiliates (collectively, "Apex Group"), which have become wholly-owned subsidiaries of the Company and been trading as Kerry Apex since 2020. Mr. Cheung founded Apex Group, a group of freight forwarding companies, in 1990 and has been its director since then. Apex Group has been recognised as one of the top three volume providers for the Transpacific Trade. Mr. Cheung is also a director of various subsidiaries of the Company. Mr. Cheung obtained a bachelor's degree in science (business administration and accounting) from San Francisco State University in the United States in 1985. Declared Dividend • Mar 28
Final dividend of HK$0.13 announced Shareholders will receive a dividend of HK$0.13. Ex-date: 24th May 2024 Payment date: 6th June 2024 Dividend yield will be 14%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Mar 27
Kerry Logistics Network Limited, Annual General Meeting, May 22, 2024 Kerry Logistics Network Limited, Annual General Meeting, May 22, 2024, at 14:30 China Standard Time. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: HK$0.67 (vs HK$1.98 in FY 2022) Full year 2023 results: EPS: HK$0.67 (down from HK$1.98 in FY 2022). Revenue: HK$47.4b (down 45% from FY 2022). Net income: HK$1.24b (down 66% from FY 2022). Profit margin: 2.6% (down from 4.1% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Annonce • Mar 26
Kerry Logistics Network Limited Proposes Final Dividend for the Year Ended December 31, 2023, Payable on June 6, 2024 Kerry Logistics Network Limited proposed the final dividend of HKD 0.13 per share for the year ended December 31, 2023. The ex-dividend date is on 24 May 2024 and record date is on 28 May 2024. The payment date is on 06 June 2024. Date of shareholders' approval is 22 May 2024. Annonce • Mar 09
Kerry Logistics Network Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Kerry Logistics Network Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Annonce • Mar 05
Kerry Logistics Network Limited (SEHK:636) acquired unknown majority stake in Business By Air S.A.S. Kerry Logistics Network Limited (SEHK:636) acquired unknown majority stake in Business By Air S.A.S. on March 5, 2024.Kerry Logistics Network Limited (SEHK:636) completed the acquisition of unknown majority stake in Business By Air S.A.S. on March 5, 2024. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.04, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Logistics industry in Europe. Total loss to shareholders of 1.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.45 per share. Annonce • Nov 01
Kerry Logistics Network Limited Announces Board Changes Kerry Logistics Network Limited announces that with effect from 31 October 2023, Mr. Chan has resigned as a non-executive Director in order to focus on other business endeavours. As a result of his resignation, Mr. Chan alsoceased to be a member of the Finance Committee. announces that with effect from 31 October 2023, Ms Ooi has been appointed as a non- executive Director. Ms Ooi, aged 51, has extensive experience in corporate finance, treasury management and financial services. She joined S.F. Holding Co. Ltd. in September 2010 as treasury director. Ms Ooi is currently the head of corporate treasury of S.F. Holding. She is the chairman of S.F. Hengtong Pay Co. Ltd., the chairman of SF Holdings Group Finance Company Limited, the executive director of S.F. Insurance Agency (Shenzhen) Co. Ltd. (these three companies are holders of license issued by the National Administration of Financial Regulation), and the executive director of S.F. Digits Technology Service Co. Ltd., all are subsidiaries of S.F. Holding. Other than the above, Ms Ooi is also a director of various subsidiaries of S.F. Holding. S.F. Holding is a controlling shareholder of the Company. Prior to joining S.F. Holding, Ms Ooi worked for Huawei Technologies Co. Ltd. as the director of regional treasury management at the head office and the head of treasury at the Asia Pacific regional office from 2006 to 2010, and also worked for several large European and American multinational companies in the areas of corporate finance and treasury management from 1996 to 2006. Ms Ooi has been a non-executive director of SF REIT Asset Management Limited since June 2022. SF REIT Manager is the manager of SF Real Estate Investment Trust (a Hong Kong collective investment scheme authorised under section 104 of the Securities and Futures Ordinance. Ms Ooi obtained a bachelor of arts degree in accounting and finance from Thames Valley University in the United Kingdom in July 1995. The Board announces that with effect from 31 October 2023: Mr. Chan has ceased to be a member of the Finance Committee; and Mr. Ho, an existing non-executive Director, has been appointed as a member of the Finance Committee. Upcoming Dividend • Sep 01
Upcoming dividend of HK$0.09 per share at 9.0% yield Eligible shareholders must have bought the stock before 08 September 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 9.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.8%). Annonce • Aug 29
Kerry Logistics Network Limited Announces Interim (Semi Annual) Dividend for the Six Months Ended 30 June 2023, Payable on 22 September 2023 Kerry Logistics Network Limited announced Interim (semi annual) Dividend of HKD 0.09 per share for the Six Months Ended 30 June 2023 . Ex-dividend date is 08 September 2023. Record date is 12 September 2023. The dividend will be payable on 22 September 2023. Reported Earnings • Aug 28
First half 2023 earnings released: EPS: HK$0.20 (vs HK$1.32 in 1H 2022) First half 2023 results: EPS: HK$0.20 (down from HK$1.32 in 1H 2022). Revenue: HK$25.3b (down 47% from 1H 2022). Net income: HK$364.6m (down 85% from 1H 2022). Profit margin: 1.4% (down from 4.9% in 1H 2022). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, while revenues in the Logistics industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Aug 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Annonce • Aug 11
Kerry Logistics Network Limited to Report First Half, 2023 Results on Aug 28, 2023 Kerry Logistics Network Limited announced that they will report first half, 2023 results on Aug 28, 2023 Annonce • Jun 20
Kerry Logistics Network Launches Global LCL Solutions Kerry Logistics Network Limited announced the launch of a global less-than-container load (LCL) programme to offer weekly direct LCL services from key Asian gateways to multiple country destinations across the globe. The new offerings will leverage on KLN's solid presence and extensive ground support in Asia to provide customers with increased cost efficiency and dedicated customer care from Container Freight Station (CFS) to CFS for cargoes of any size. With the new weekly scheduled LCL services, suitable for all industries, KLN caters to more than 2,800 corridors worldwide. Leveraging KLN's established overland network between China and Southeast Asia, KLN provides shipment pick-up across China to be transported through its self-owned or self- managed consolidation hubs in all base ports with complete control on landside haulage cost. KLN also provides value- added services including insurance, fumigation, customs clearance, warehousing as well as cargo tracking through its designated portal. Upcoming Dividend • May 17
Upcoming dividend of HK$0.38 per share at 6.3% yield Eligible shareholders must have bought the stock before 24 May 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%). Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: HK$1.98 (vs HK$1.76 in FY 2021) Full year 2022 results: EPS: HK$1.98 (up from HK$1.76 in FY 2021). Revenue: HK$86.6b (up 9.7% from FY 2021). Net income: HK$3.58b (up 13% from FY 2021). Profit margin: 4.1% (up from 4.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 7.6% p.a. on average during the next 2 years compared to a 2.2% decline forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Non Executive Director Wai Man Cheung was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Upcoming Dividend • Sep 06
Upcoming dividend of HK$0.28 per share Eligible shareholders must have bought the stock before 13 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.7%). Reported Earnings • Sep 01
First half 2022 earnings released: EPS: HK$1.32 (vs HK$1.88 in 1H 2021) First half 2022 results: EPS: HK$1.32 (down from HK$1.88 in 1H 2021). Revenue: HK$48.0b (up 31% from 1H 2021). Net income: HK$2.38b (down 30% from 1H 2021). Profit margin: 4.9% (down from 9.2% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 11% compared to a 6.2% decline forecast for the Logistics industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 31
Kerry Logistics Network Limited Announces Interim Dividend for the Six Months Ended June 30, 2022, Payable on September 30, 2022 Kerry Logistics Network Limited announced Interim (semi annual) Dividend for the Six Months Ended 30 June 2022 is HKD 0.28 per share. Ex-dividend date is September 13, 2022. Record date is September 15, 2022. The dividend will be payable on September 30, 2022. Annonce • Jun 21
Kerry Logistics Network Appoints Mr. Cheung Ping Chuen Vicky as Managing Director The board (the "Board") of directors (the "Directors") of Kerry Logistics Network Limited (the "Company") announced that Mr. CHEUNG Ping Chuen Vicky ("Mr Cheung"), an existing executive Director, has been appointed as the Managing Director of the Company (the "Managing Director") with effect from 1 July 2022. Mr. Cheung, aged 62, has been an executive Director since April 2020. Mr. Cheung is a director of Apex Maritime Co. Inc. and its affiliates (collectively, "Apex Group"), which have become wholly-owned subsidiaries of the Company and been trading as Kerry Apex since 2020. Mr. Cheung founded Apex Group, a group of freight forwarding companies, in 1990 and has been its director since then. Apex Group has been recognised as one of the top three volume providers for the Transpacific Trade. Mr. Cheung is also a director of various subsidiaries of the Company. Mr. Cheung obtained a bachelor's degree in science (business administration and accounting) from San Francisco State University in the United States in 1985. Upcoming Dividend • May 18
Upcoming dividend of HK$0.50 per share Eligible shareholders must have bought the stock before 25 May 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.2%). Reported Earnings • Apr 30
Full year 2021 earnings released: EPS: HK$1.76 (vs HK$1.63 in FY 2020) Full year 2021 results: EPS: HK$1.76 (up from HK$1.63 in FY 2020). Revenue: HK$79.0b (up 48% from FY 2020). Net income: HK$3.17b (up 9.6% from FY 2020). Profit margin: 4.0% (down from 5.4% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.0% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Non Executive Director Wai Man Cheung was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: HK$1.84 (vs HK$1.63 in FY 2020) Full year 2021 results: EPS: HK$1.84 (up from HK$1.63 in FY 2020). Revenue: HK$79.0b (up 48% from FY 2020). Net income: HK$3.17b (up 9.6% from FY 2020). Profit margin: 4.0% (down from 5.4% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 10% compared to a 5.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improved over the past week After last week's 28% share price gain to €2.68, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Logistics industry in Europe. Total returns to shareholders of 229% over the past three years. Board Change • Oct 14
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent-Non-Executive Director Marina Wong was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorated over the past week After last week's 32% share price decline to €1.97, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Logistics industry in Europe. Total returns to shareholders of 114% over the past three years. Executive Departure • Sep 19
Non-Executive Director Shao Ming Tong has left the company On the 16th of September, Shao Ming Tong's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Shao Ming's name. Shao Ming is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.67 years. Annonce • Sep 04
Kerry Logistics Network Limited Announces Special Dividend, Payable on 5 October 2021 Kerry Logistics Network Limited announced that conditional upon completion of the Warehouses Sale, the Special Dividend of HKD 7.28 per Share will be paid to the Shareholders whose names appear on the registers of members of the Company on which is the date immediately prior to the Final Closing Date of the Partial Offer (the Record Date). As the Offers have been declared unconditional in all respects and the final timetable of the Partial Offer has been determined, the Company announced that the Record Date would fall on 15 September 2021 without book closure, and the Special Dividend will be paid on 5 October 2021. Upcoming Dividend • Sep 03
Upcoming dividend of HK$0.21 per share Eligible shareholders must have bought the stock before 10 September 2021. Payment date: 28 September 2021. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (3.1%). In line with average of industry peers (1.6%). Reported Earnings • Sep 01
First half 2021 earnings released: EPS HK$1.88 (vs HK$0.61 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$36.7b (up 68% from 1H 2020). Net income: HK$3.38b (up 215% from 1H 2020). Profit margin: 9.2% (up from 4.9% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 24
Upcoming dividend of HK$7.28 per share Eligible shareholders must have bought the stock before 31 August 2021. Payment date: 17 September 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (1.6%). Annonce • Aug 18
Kerry Logistics Network Limited Announces Special Dividend, Payable on or About 17 September 2021 On 17 August 2021, the board of directors of Kerry Logistics Network Limited resolved that conditional upon completion of the Warehouses Sale (which is in turn conditional upon, amongst other conditions, the Partial Offer becoming or being declared unconditional in all respects), a special dividend of HKD 7.28 per share will be paid to the shareholders of the company whose names appear on the registers of members of the company on the date immediately prior to the Final Closing Date of the Partial Offer (the "Record Date"). The Record Date is currently expected to fall on 1 September 2021 without book closure, and the Special Dividend is expected to be paid on or about 17 September 2021. Upcoming Dividend • May 21
Upcoming dividend of HK$0.24 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 11 June 2021. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.9%). Reported Earnings • Apr 25
Full year 2020 earnings released: EPS HK$1.63 (vs HK$2.21 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: HK$53.4b (up 30% from FY 2019). Net income: HK$2.90b (down 24% from FY 2019). Profit margin: 5.4% (down from 9.2% in FY 2019). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS HK$1.63 (vs HK$2.21 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: HK$53.4b (up 30% from FY 2019). Net income: HK$2.90b (down 24% from FY 2019). Profit margin: 5.4% (down from 9.2% in FY 2019). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Mar 09
Kerry Logistics Network Limited to Report Fiscal Year 2020 Results on Mar 25, 2021 Kerry Logistics Network Limited announced that they will report fiscal year 2020 results on Mar 25, 2021 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improved over the past week After last week's 50% share price gain to HK$2.58, the stock is trading at a trailing P/E ratio of 19.6x, up from the previous P/E ratio of 13.1x. This compares to an average P/E of 22x in the Logistics industry in Europe. Total returns to shareholders over the past three years are 169%. Is New 90 Day High Low • Feb 04
New 90-day high: €1.96 The company is up 11% from its price of €1.77 on 06 November 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Logistics industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.61 per share. Is New 90 Day High Low • Jan 12
New 90-day low: €1.62 The company is down 6.0% from its price of €1.73 on 14 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.49 per share. Is New 90 Day High Low • Nov 16
New 90-day high: €1.94 The company is up 47% from its price of €1.32 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.25 per share. Is New 90 Day High Low • Oct 31
New 90-day high: €1.76 The company is up 29% from its price of €1.36 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.76 per share. Is New 90 Day High Low • Oct 09
New 90-day high: €1.65 The company is up 29% from its price of €1.28 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.83 per share. Annonce • Aug 07
Kerry Logistics Network Limited to Report First Half, 2020 Results on Aug 27, 2020 Kerry Logistics Network Limited announced that they will report first half, 2020 results on Aug 27, 2020 
