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J&T Global Express Pre-IPO, Part 4: Read-Through from KEX (Thailand) And Kerry Logistics H1 Results
850 Views10 Sep 2023 11:54
Since J&T Global Express has not released any 2023 financials, we look at H1 results from rivals KEX and KLN for insights. We conclude that Thailand is likely to remain a drag on earnings.
Boomeranged on Wed, 4 Oct 2023 12:16
We're pulling this insight out of the archives in light of J&T’s updated HKEX filing and its decision to begin pushing forward with its IPO this week. This note (the fourth of five) looks at how J&T’s competition in SE Asia fared in H123.
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- Q323 Another Tough Quarter for Kerry Express Thailand (KEX) | Negative Read-Through for J&T Global13 Nov 2023
- J&T Global Express Pre-IPO, Part 6 | How We Could Potentially Get Closer To US$13 Bn Valuation16 Oct 2023
- J&T Global Express Pre-IPO, Part 5 | Analysis of H123 Performance | Updated EV Estimate US$9.1 Bn04 Oct 2023
- J&T Global Express Pre-IPO, Part 3: 'New Markets' & X-Border | Our Initial EV Estimate Is US$8.6 Bn12 Jul 2023
- J&T Global Express Pre-IPO, Part 2: SE Asia Operation | Demand, Supply Profiles | Valuation Approach05 Jul 2023
- J&T Global Express Pre-IPO, Part 1: Chinese Express Operation | 'Haven't We Met Somewhere Before?'03 Jul 2023
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