HK Stock Market Move | SF INTRA-CITY (09699) jumped over 9% in morning trading. Institutions pointed out that the expansion of instant retail is expected to hedge against the high base of the catering sector.

SF INTRA-CITY (09699) rose by more than 9% in early trading, with an increase of 9.17% to 8.57 Hong Kong dollars as of the time of writing, with a trading volume of 29.669 million Hong Kong dollars. In terms of news, a wholly-owned subsidiary of SF INTRA-CITY plans to invest 213 million yuan in a venture capital fund. The fund focuses on intelligent technology, new energy, and logistics technology, which is expected to support SF INTRA-CITY in the areas of unmanned delivery, green transportation, and scenario-based services through ecological positioning and technological coordination. Huatai pointed out that the stock price of SF INTRA-CITY has already fully reflected the market's concerns about the slowdown in the growth rate of single orders in the 26th year; the expansion of instant retail may offset the high base of catering. The bank pointed out that the company's efforts to expand new scenarios in instant retail may contribute significantly to incremental growth. The company has a strong advantage in city-wide long-distance delivery and standardized services with a one-hour delivery guarantee. In the 25th year, the company's revenue from the commercial and supermarket industry's distribution increased by over 80% year-on-year.