In today’s briefing:
- Didi Global Q324 Results & Two Key Reasons Company May Consider A New Listing in 2025
- S.F. Holding (6936 HK) – Here’s Why Post-IPO Share Price Performance Is So “Boring”
Didi Global Q324 Results & Two Key Reasons Company May Consider A New Listing in 2025
- In Q324, Didi grew slowly, but core margin improved significantly on higher “take rate”
- Q324 liquidity position sound, but pace of 2024 investment difficult to sustain
- Two important reasons Didi could list shares in ’25, even if cash needs aren’t urgent
S.F. Holding (6936 HK) – Here’s Why Post-IPO Share Price Performance Is So “Boring”
- The Time-definite express services are actually a double-edged sword for S.F.- Although it helps S.F. establish core competitiveness, such strategy limits the Company’s market share and growth ceiling in China.
- The issue here is that S.F. has encountered growth bottlenecks, but due to its heavy asset model, the only truly suitable solution is internationalization, which however is full of uncertainties.
- S.F. is facing many challenges. The IPO final offer price of HK$34.3 is expensive, which might explain why S.F.’s share price has been a bit “boring” since its listing.
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