HK Stock Market Move | SF INTRA-CITY (09699) surges over 7%, SoFast officially lands in Macau, Daiwa bullish on company's revenue growth prospects.

SF INTRA-CITY (09699) rose more than 7%, rising to 7.05% at the time of writing, at 14.42 Hong Kong dollars, with a trading volume of 103 million Hong Kong dollars. On the news front, recently, SF INTRA-CITY officially launched its "SoFast" brand in Macau. This is another important breakthrough in its overseas business layout after the launch of "SoFast" in Hong Kong in July last year - the first time it provided instant delivery services overseas. It is understood that with the landing of "SoFast" in Macau, SF INTRA-CITY has reached a strategic cooperation with "APP", the largest local life service platform in Macau. The two parties will integrate their respective resource advantages and provide more efficient and convenient one-stop city-to-city instant delivery services to merchants and users in Macau, jointly promoting the digital upgrade of local life in Macau. Daiwa recently released a research report, maintaining a target price of 20 Hong Kong dollars for SF INTRA-CITY and reiterating a "buy" rating. Daiwa raised its forecast for SF INTRA-CITY's earnings per share for 2025-2027 by 6-7%, reflecting better than expected revenue prospects. Daiwa sees positive long-term revenue growth prospects. In the next 3-5 years, management expects revenue to more than double from 2025. Industrial pointed out that there is a positive trend in demand for instant delivery, and the company's profit elasticity continues to be released.