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Express News | SF Best is established Shunyu Technology Company in Hangzhou.
Hangzhou SF Intra-city Announces Company Secretary Changes
Hangzhou SF Intra-city Industrial to Engage SF Holding Group Finance for Provision of Financial Services
HSBC Research lowered the target price of SF Express (09699.HK) to 14.3 yuan, maintaining a "buy" rating, riding the wave of consumer recovery.
HSBC Research's report indicates that SF Express (09699.HK) may see accelerated revenue growth due to recent stimulus measures, but has lowered profit forecasts due to recent cost pressures. The bank believes that overseas expansion and service expansion can further solidify its long-term growth, expecting a 23% year-on-year increase in full-year revenue this year, with current valuation being attractive. The bank is confident that the company's revenue growth in the second half of the year will reach 26%, compared to 20% in the first half, mainly driven by consumer recovery leading to increased orders from major customers, further penetration into SF Express's last mile orders, and improved market share due to its strong brand and competitiveness.
Hangzhou SF Intra-city Delays Financial Circular Dispatch
SF Express City (9699.HK): Increased penetration rate in lower-tier markets, continued profit scale effect.
Investment highlights: In the first half of the year, the scale grew steadily, and the penetration rate in lower-tier markets increased: The company's revenue in the first half of the year achieved healthy growth, reaching 6.87 billion yuan, an increase of 19.6% year-on-year, and the order volume saw a strong growth of over 30% year-on-year. The gross margin is 6.
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