Edison Investment Research - QEX Logistics (QEX) QEX Logistics - FY18 targets increased amid solid demand

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Edison Investment Research

Milosz Papst

QEX Logistics - FY18 targets increased amid solid demand

QEXâ€™s operations are gaining momentum, as illustrated by the recent upward revision of three out of four key operating milestone (KOM) targets set by the company. Management now expects sales turnover to reach at least NZ$30m, assisted by the strong Chinese New Year season, good performance of both the Australian operations and QEXâ€™s Chinese subsidiary, Shanghai Ditu International Freight Forwarder (Ditu), as well as a solid sales outlook for March. The Australian daigou market looks promising, as exhibited by the significant interest in AuMakeâ€™s newly opened daigou hub in Sydney.

26/03/2018 3 EN

Underlying

QEX Logistics

QEX Logistics Ltd. QEX Logistics Limited is a New Zealand-based cross-border logistics company. The Company facilitates storage, supply, packaging, customs clearance and delivery of products bought from New Zealand stores and online sites by individual consumers from China. The Company handles supply chain operations for health supplement products, infant formulas and dairy products. Its subsidiaries include New Y Trading Limited for the New Zealand operations, Shanghai Ditu International Freight Forwarder Co., Limited for the China operations and New Y Trading (AUS) PTY Limited for Australian operations. The New Zealand operations include export of health supplements, warehousing, repacking and supply chain services for bulk baby food products. The China operations include custom clearance services, manifest preparation and clearance, customer services, and inventory management. It Australian operations focuses on cross border logistics services, targeting dairy products and health supplements.

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NZQEXE0001S5 NZX New Zealand

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Milosz Papst

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QEX Logistics - FY18 targets increased amid solid demand

QEX Logistics - FY18 results ahead of initial targets

International Public Partnerships - Consistently and responsibly delivering

Portobello SpA - Focus back on the operations

Intralot - Focus on business development in FY24

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