Core Viewpoint - SF Express City (顺丰同城) has made significant progress by launching its "SoFast" brand in Macau, marking an important step in its overseas business expansion after entering Hong Kong last year [1] Group 1: Business Expansion - The launch of "SoFast" in Macau is a strategic move to enhance its presence in the international market [1] - SF Express City has partnered with Macau's largest local service platform, "澳觅APP," to provide efficient and convenient same-city delivery services [1] Group 2: Financial Outlook - Daiwa has maintained a target price of HKD 20 for SF Express City and reiterated a "Buy" rating, indicating confidence in the company's growth potential [1] - Daiwa has raised its earnings per share forecast for SF Express City for 2025-2027 by 6-7%, reflecting better-than-expected revenue prospects [1] - The management expects revenue to more than double starting from 2025, indicating a positive long-term growth outlook [1] Group 3: Market Demand - There is a favorable trend in demand for instant delivery services, which is expected to continue benefiting the company's profitability [1]