Announcement • Jul 01
Kln Logistics Group Limited Announces Committee Changes, Effective June 30, 2026 KLN Logistics Group Limited announced that Mr. CHO Kin Lun, an executive Director of the Company, had been appointed as a member of the risk management committee of the Company with effect from June 30, 2026. Following the aforesaid appointment, the composition of the Risk Management Committee comprised five members, namely Mr. CHEUNG Ping Chuen Vicky (chairman), Mr. CHO Kin Lun, Mr. WONG Siew Loong plus two non-members of the Board. As at the date of this announcement, the Directors of the Company were: Chairman, Non-executive Director: Mr. WANG Wei; Vice Chairman, Non-executive Director: Mr. KUOK Khoon Hua; Executive Directors: Mr. CHEUNG Ping Chuen Vicky, Mr. CHO Kin Lun, Mr. HO Chit and Mr. WONG Siew Loong; Non-executive Director: Ms CHEN Keren; Independent Non-executive Directors: Dr CHEUNG Wai Man, Mr. LAI Sau Cheong Simon, Mr. TAN Chuen Yan Paul and Ms WONG Yu Pok Marina. Live News • May 27
KLN Logistics Wins Del Monte Asia Contract to Manage Packaged Foods for 3,000 Hong Kong Customers KLN Logistics Group has signed a distributor contract with Del Monte Asia Pte Ltd to handle sales, trade marketing and supply chain operations for its packaged food portfolio in Hong Kong’s foodservice market.
Under the agreement, KLN will provide integrated fourth-party logistics services to more than 3,000 foodservice providers in Hong Kong.
The partnership is intended to support Del Monte Asia’s product launches, seasonal campaigns and in-store activations while targeting more efficient supply chain operations.
This contract points to KLN deepening its role in outsourced logistics and commercial support for consumer brands, with exposure to a broad base of foodservice customers in Hong Kong.
Investors may want to watch how effectively KLN executes on the expanded responsibilities, since service quality and operational efficiency will be key to the durability of this kind of distributor relationship. Upcoming Dividend • May 19
Upcoming dividend of HK$0.16 per share Eligible shareholders must have bought the stock before 26 May 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Hong Kong dividend payers (6.8%). Lower than average of industry peers (6.4%). Reported Earnings • May 01
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: HK$0.78 (up from HK$0.78 in FY 2024). Revenue: HK$56.3b (down 3.3% from FY 2024). Net income: HK$1.41b (flat on FY 2024). Profit margin: 2.5% (up from 2.4% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 3.6%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Logistics industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 08
Price target decreased by 8.0% to HK$8.84 Down from HK$9.61, the current price target is an average from 8 analysts. New target price is 33% above last closing price of HK$6.64. Stock is up 13% over the past year. The company is forecast to post earnings per share of HK$0.78 for next year compared to HK$0.78 last year. Declared Dividend • Apr 01
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 4.1%, which is lower than the industry average of 8.3%. Sustainability & Growth The dividend has increased by an average of 4.6% 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. Reported Earnings • Mar 31
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: HK$0.78 (up from HK$0.78 in FY 2024). Revenue: HK$56.3b (down 3.3% from FY 2024). Net income: HK$1.42b (up 1.2% from FY 2024). Profit margin: 2.5% (up from 2.4% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 3.6%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Logistics industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • 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. Announcement • 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 Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$7.35, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Logistics industry in Hong Kong. Total loss to shareholders of 43% over the past three years. Reported Earnings • Aug 31
First half 2025 earnings released: EPS: HK$0.36 (vs HK$0.33 in 1H 2024) First half 2025 results: EPS: HK$0.36 (up from HK$0.33 in 1H 2024). Revenue: HK$27.2b (up 7.0% from 1H 2024). Net income: HK$648.2m (up 9.9% from 1H 2024). Profit margin: 2.4% (up from 2.3% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Logistics industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 30
First half dividend increased to HK$0.11 Dividend of HK$0.11 is 10.0% higher than last year. Ex-date: 9th September 2025 Payment date: 23rd September 2025 Dividend yield will be 3.2%, which is lower than the industry average of 8.3%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 6.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • 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 Buy Or Sell Opportunity • Jul 25
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 43% to HK$8.97. The fair value is estimated to be HK$7.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has declined by 38%. For the next 3 years, revenue is forecast to decline by 1.4% per annum. Earnings are also forecast to decline by 5.1% per annum over the same time period. Announcement • 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. Upcoming Dividend • May 21
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 28 May 2025. Payment date: 10 June 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (6.9%). Reported Earnings • May 01
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: HK$0.78 (down from HK$0.90 in FY 2023). Revenue: HK$58.3b (up 23% from FY 2023). Net income: HK$1.40b (down 14% from FY 2023). Profit margin: 2.4% (down from 3.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) missed analyst estimates by 8.4%. Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Logistics industry in Hong Kong are expected to grow by 7.9%. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 11
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.8% to HK$6.32. The fair value is estimated to be HK$8.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 38%. For the next 3 years, revenue is forecast to decline by 1.4% per annum. Earnings are also forecast to decline by 4.7% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$5.63, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Logistics industry in Hong Kong. Total loss to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$8.24 per share. Major Estimate Revision • Apr 04
Consensus EPS estimates fall by 10%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from HK$54.0b to HK$57.3b. EPS estimate fell from HK$0.815 to HK$0.731 per share. Net income forecast to shrink 7.5% next year vs 7.1% growth forecast for Logistics industry in Hong Kong . Consensus price target down from HK$9.84 to HK$9.19. Share price fell 5.1% to HK$6.67 over the past week. Reported Earnings • Apr 01
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: HK$0.76 (down from HK$0.89 in FY 2023). Revenue: HK$58.3b (up 23% from FY 2023). Net income: HK$1.37b (down 15% from FY 2023). Profit margin: 2.4% (down from 3.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) missed analyst estimates by 8.4%. Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Logistics industry in Hong Kong are expected to grow by 7.8%. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Declared Dividend • Mar 31
First half dividend increased to HK$0.15 Dividend of HK$0.15 is 15% higher than last year. Ex-date: 28th May 2025 Payment date: 10th June 2025 Dividend yield will be 3.6%, which is lower than the industry average of 8.3%. Sustainability & Growth The dividend has increased by an average of 7.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 72% to increase the payout ratio to a potentially unsustainable range. Announcement • Mar 28
Kerry Logistics Network Limited, Annual General Meeting, May 26, 2025 Kerry Logistics Network Limited, Annual General Meeting, May 26, 2025. Buy Or Sell Opportunity • Mar 24
Now 20% undervalued Over the last 90 days, the stock has risen 2.2% to HK$6.95. The fair value is estimated to be HK$8.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are forecast to decline by 4.7% per annum over the same time period. Announcement • 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 Buy Or Sell Opportunity • Feb 20
Now 22% undervalued Over the last 90 days, the stock has risen 1.2% to HK$6.69. The fair value is estimated to be HK$8.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are forecast to decline by 4.7% per annum over the same time period. New Risk • Jan 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% 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. This is currently the only risk that has been identified for the company. Announcement • 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 • Nov 08
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.9% 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. New Risk • Sep 10
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. This is currently the only risk that has been identified for the company. 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 9.1% growth forecast for the Logistics industry in Hong Kong. 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 35% per year, which means it is performing significantly worse than earnings. Announcement • 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 Hong Kong dividend payers (7.5%). Lower than average of industry peers (5.7%). Price Target Changed • Apr 22
Price target decreased by 8.8% to HK$10.33 Down from HK$11.33, the current price target is an average from 9 analysts. New target price is 38% above last closing price of HK$7.50. Stock is down 33% over the past year. The company is forecast to post earnings per share of HK$0.80 for next year compared to HK$0.67 last year. Major Estimate Revision • Apr 02
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from HK$56.4b to HK$50.8b. EPS estimate fell from HK$0.873 to HK$0.808 per share. Net income forecast to grow 20% next year vs 22% growth forecast for Logistics industry in Hong Kong. Consensus price target broadly unchanged at HK$11.33. Share price rose 4.1% to HK$8.79 over the past week. Announcement • 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 reduced to HK$0.13 Dividend of HK$0.13 is 66% lower than last year. Ex-date: 24th May 2024 Payment date: 6th June 2024 Dividend yield will be 2.6%, which is lower than the industry average of 8.3%. 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 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • 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: EPS and revenues miss analyst expectations 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$1.21b (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 missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 9.2%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Logistics industry in Hong Kong. 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 28% per year, which means it is significantly lagging earnings. Announcement • 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. Announcement • 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 Announcement • 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 17% After last week's 17% share price gain to HK$9.10, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Logistics industry in Asia. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$12.24 per share. Buying Opportunity • Dec 18
Now 24% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be HK$10.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to decline by 2.6% per annum. Earnings is forecast to grow by 1.9% per annum over the same time period. New Risk • Dec 12
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 Hong Kong stocks, typically moving 9.9% 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: 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 (9.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$8.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Logistics industry in Asia. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$10.28 per share. Announcement • 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. Major Estimate Revision • Sep 04
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from HK$64.7b to HK$55.9b. EPS estimate fell from HK$0.837 to HK$0.556 per share. Net income forecast to shrink 12% next year vs 18% growth forecast for Logistics industry in Hong Kong . Consensus price target down from HK$13.80 to HK$11.84. Share price was steady at HK$7.65 over the past week. 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 Hong Kong dividend payers (7.7%). Higher than average of industry peers (7.2%). Announcement • 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 29
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, compared to a 7.8% growth forecast for the Logistics industry in Hong Kong. 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 17% per year, which means it is significantly lagging earnings. Announcement • 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 Price Target Changed • Jul 28
Price target decreased by 9.4% to HK$13.80 Down from HK$15.23, the current price target is an average from 9 analysts. New target price is 45% above last closing price of HK$9.55. Stock is down 39% over the past year. The company is forecast to post earnings per share of HK$1.01 for next year compared to HK$1.98 last year. Major Estimate Revision • Jul 21
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from HK$70.0b to HK$66.9b. EPS estimate also fell from HK$1.39 per share to HK$1.21 per share. Net income forecast to shrink 41% next year vs 14% growth forecast for Logistics industry in Hong Kong . Consensus price target up from HK$14.44 to HK$14.73. Share price fell 2.1% to HK$8.73 over the past week. Price Target Changed • Jul 20
Price target decreased by 8.2% to HK$14.73 Down from HK$16.05, the current price target is an average from 8 analysts. New target price is 70% above last closing price of HK$8.64. Stock is down 47% over the past year. The company is forecast to post earnings per share of HK$1.21 for next year compared to HK$1.98 last year.