报告名称：Kerry Logistics Network(00636.HK)Hold： Await a better entry point
报告类型：港股研究
报告日期：2016-03-24
研究机构：汇丰银行
股票名称：嘉里物流
股票代码：00636
页数：13
简介：FY15 recurring profit was up 10% y-o-y and in line with our forecast; margins improved overall offsetting weak Europe
2016, especially 1H, will likely be challenging due to high base and currency depreciation; could provide attractive entry point
Increase TP to HKD12.2 (from HKD10.7) to reflect slightly higher earnings and increase in peers comparison valuation

下载地址：Kerry Logistics Network(00636.HK)Hold： Await a better entry point