HK Stock Market Move | S.F. Holding (06936) rose more than 4% to hit a new high during trading hours. Company's business volume in January grew faster, cost optimization benefits are expected to be released.

S.F. Holding (06936) rose by over 4% in midday trading, reaching a high of HK$40.15, a new record high since its listing. As of the time of writing, the stock is up 3.26% to HK$39.6, with a trading volume of HK$60.0887 million. Cinda released a research report stating that since 2025, the volume of express delivery parcels has maintained a high growth trend. According to data from the State Post Bureau, from the beginning of the Spring Festival travel season (January 14 to February 18), the national postal express industry has handled 15.549 billion parcels, a 29% increase compared to the same period in 2024; and delivered 15.969 billion parcels, a 31.1% increase compared to the same period in 2024. In January, Yunda, YTO Express, STO Express, and SF Express respectively handled 2.268 billion, 2.013 billion, 2.023 billion, and 1.33 billion express parcels. In terms of business volume growth, SF Express was the fastest at 16.0% > STO Express 11.8% > Yunda 5.5% > YTO Express 2.9%, with SF Holding leading in business volume growth in January. Goldman Sachs previously pointed out that they believe S.F. Holding, as the largest integrated logistics service provider in Asia, has a superior position and can seize the opportunity of the continuous growth of the Asian express and integrated logistics industry, with a relatively low valuation. It is expected that the company will benefit from its strong infrastructure support, and the impact of reverse e-commerce parcel competition can be controlled. At the same time, the continued cost optimization benefits will be realized.