i think the fundamental of the company is good and not many competitors have the same amount of resources like TN has, unless there are new big logistics companies coming in from China then god also tak boleh tolong.
Factories shift out of China to avoid trade war, boosting volume for logistics firms like Kerry Kerry Logistics Network, owned by Malaysian billionaire Robert Kuok, has benefited from trade war shake-ups at Asian firms
Kerry Logistics Network, a Hong Kong-listed firm owned by Robert Kuok, Malaysia’s wealthiest man, has become a beneficiary of the ongoing trade war between the world’s two largest economies, as customers shift part of their production lines from mainland China to such destinations as northern Malaysia’s Penang to skirt US tariffs.
The Sino-US trade war has been forcing Kerry’s clients to shift their production towards the members of the Association of Southeast Asian Nations (Asean), or to ship finished goods to the Americas to avoid the increased tariffs. Either way would increase shipping volumes, Ma said.
“This is a reallocation of global production bases,” Ma said during an interview with the South China Morning Post.
Kerry, one of Asia’s biggest shipping and logistics companies, was established in 1981 by the Kuok Group, the flagship of Kuok, who has an estimated wealth of US$14.6 billion according to Forbes magazine.
The company transports cargo using air freight, ocean vessels, and cross-border road freight in Asia, and between Asia and Europe. It also offers express services in the region, taking advantage of the increasing intra-Asean e-commerce business.
The ongoing shift of production bases will lead to trade growth in Malaysia, Vietnam, Myanmar and Laos starting in the second half of this year, Ma said, a trend that will last for many years to come.
“Our business in China may be affected a bit, but business in Asia is rising,” he said.
tnlogis signed a 3 year contract with Mytel, the fourth telco operator in Myanmar, 49% owned by Viettel and Myanmar Gov, to manage a 13000sqf warehouse for Mytel in Mandalay.
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