Download full report with analyst certification and important disclosures
Nov 2 2018, 07:10 GMT
Enabled by its localised solutions-led model, Kerry has built an enviable track record in SE Asia with a ten-year organic volume CAGR of 14%. Success is built on consumer insights, an unrivalled technology toolkit and an ambitious in-market investment model (capex and people). We believe Kerry’s integrated model in SE Asia is highly customer-embedded. As such, Kerry is a very relevant partner to its SE Asia customer base – anchoring long-term growth potential. The field trip reinforced our positive view on the region and Kerry’s formula for growth. We reiterate our ‘Outperform’ call.