CITIC Securities reiterated its "outperform" rating on Gogoxpress (01519.HK), believing in its overseas expansion and the rebound in China.

Zhixin Financial APP learned that Citi Research released a research report stating that the management of Best Express (01519.HK) believes that the unit EBIT of the group's Southeast Asian business can maintain a stable 0.07 US dollars per order, and through economies of scale and rapid growth on non-Shopee platforms, continue to expand market share. In the Chinese market, the goal of Best Express's management is to maintain a relatively stable market share in the competitive market. The bank expects that since August, as most provinces gradually raise prices, it will help alleviate the profit pressure on the group's business in China. Citi Research stated that it is optimistic about Best Express's overseas expansion and the possible rebound of its Chinese business. Therefore, it reiterates its "outperform the market" rating.