Lates News

Citibank released a research report stating that starting in April, major food e-commerce platforms in mainland China have intensified their subsidy competition, leading to strong growth in delivery retail consumption. With SF Express's focus on key customers and expected growth in all categories, especially with the support of key customers in the food, beverage, and supermarket categories, the company's growth is expected to accelerate. The bank has raised its revenue forecasts for 2025, 2026, and 2027 by 9.4%, 10.6%, and 11% respectively, and has raised profit forecasts to 343 million, 524 million, and 755 million respectively. The target price has been raised from 16 Hong Kong dollars to 21 Hong Kong dollars, maintaining a "buy" rating and believing that the company directly benefits from the strong momentum of real-time delivery in mainland China.