The recent resurgence of coronavirus cases in Hong Kong has Asia’s top executives worried.
“We had a good Father’s Day celebration,” Ellis Cheng, chief financial officer of Kerry Logistics, told Institutional Investor from his headquarters in Hong Kong.
[II Deep Dive: These Are Asia’s Top C-Suites, According to Investors]The pandemic has required some tricky decisions, as Lau can attest.
It’s not all bad news for Asian businesses: Cheng said that Kerry Logistics’ first half results, due out in August, had already surprised analysts.
Still, Cheng said Kerry Logistics is focusing on tightening its balance sheet and holding valuable assets that can be monetized.