BEST EXPRESS (NYSE:BSTI) Multiple Headwinds Knock Down Target Price
● We are adjusting BSTI’s TP due to multiple demand, value chain and seasonal headwinds. Yet we are still positive on BSTI’s turnaround in...
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What Change Will JD Logistics (JDL) Bring to the E-Commerce and Logistics Markets?
Summary:We think JD Logistics' (JDL) valuation at US$10bn is reasonable. The reason is that integrated logistics have the advantage in China...
359 Views
BABA FYQ3: 'Core Commerce' & CaiNiao Decelerate, Guides to Slower FYQ4, Negative for Express Parcels
Early Thursday morning in New York, Alibaba Group Holding Ltd (BABA US) reported FYQ3 (December) results that showed a sharp deceleration of growth...
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2018 M&A/IPO Activity Preview: Chinese Express, Logistics Sectors Hit by Slower Growth & BABA Vs JD
The main objectives of this note are a) to identify the main drivers of M&A activity in China's express and logistics sectors this year and b)...
344 Views
LexinFintech IPO Review - Imagination Needed to Justify Cheap Valuation Relative to Peers
LexinFintech Holdings Ltd (LX US) is looking to raise about US$100m in its upcoming IPO. Proceeds raised will be used for general corporate...
318 Views