Core Viewpoint - SF Express City (顺丰同城) shares rose over 8% during trading, currently up 6.09% at HKD 14.29, with a trading volume of HKD 135 million, driven by significant developments in the logistics sector [1] Group 1: Company Developments - In early September, China Post Express Logistics Co., Ltd. announced a tender for the centralized procurement of 7,000 unmanned vehicles, setting a record in the industry [1] - On June 3, SF Express City reported an increase in its unmanned vehicle fleet to 200 units, covering 38 major cities nationwide, with over 10,000 active routes in May, achieving profitability in cross-city public and private logistics [1] Group 2: Financial Performance - According to a report from CMB International, SF Express City achieved revenue of RMB 10.2 billion in the first half of the year, a year-on-year increase of 49%, exceeding the firm's expectations by 16% [1] - The growth in revenue was driven by a 43% increase in city and last-mile delivery services and a 57% increase in demand, particularly from the food delivery and instant retail sectors [1] Group 3: Market Outlook - CMB International believes that SF Express City is a beneficiary of the food delivery subsidy war, with significant business potential as subsidies return to rational levels [1] - The firm maintains a "Buy" rating for the company and has raised the target price to HKD 15.4, citing ongoing business synergies with SF Express and the continued scaling of unmanned vehicle delivery to reduce costs [1]
顺丰同城盘中涨超8% 无人车物流加速落地 机构称公司仍为外卖补贴战受益者