HK Stock Market Move | SF INTRA-CITY (09699) rose more than 7% in morning trading; recently renewed a cooperation framework agreement with S.F. Holding, locking in a three-year long-term partnership.

SF INTRA-CITY (09699) rose more than 7% in morning trading. As of press time, it was up 6.18% at HK$8.07, with a turnover of HK$19.6561 million. On the news front, on October 26, SF INTRA-CITY announced that it had entered into a 2027-2029 intra-city on-demand delivery service cooperation framework agreement with S.F. Holding, renewing the 2024-2026 intra-city on-demand delivery service cooperation framework agreement, with the new agreement lasting three years from the effective date. The announcement also disclosed that the related-party transaction amount for the two parties' "last-mile" delivery services increased from RMB6.369 billion in 2024 to RMB9.58 billion in 2025, and had already reached RMB7.2136 billion in the first nine months of 2026, with business scale maintaining a steady development trend. Sealand released a research report stating that SF INTRA-CITY, as the largest third-party on-demand delivery platform in China, is benefiting from the rapid growth of the on-demand retail industry, and its intra-city delivery business is expected to usher in a period of strategic opportunity. Coupled with the support of the group's resources and technology-enabled growth, the report is optimistic about the company's performance growth.