Hong Kong Stock Movement | SF INTRA-CITY (09699) Surges Over 7% as "SoFast" Officially Launches in Macau, Daiwa Optimistic About Revenue Growth Prospects

SF INTRA-CITY (09699) surged over 7%. As of press time, the stock was up 7.05% to HK$14.42, with a turnover of HK$103 million.

On the news front, SF INTRA-CITY recently officially launched its "SoFast" brand in Macau. This marks another significant breakthrough in the company's overseas business expansion, following the launch of "SoFast" in Hong Kong in July last year, which was the first time the company provided instant delivery services outside mainland China.

For this Macau launch, SF INTRA-CITY has established a strategic partnership with "AoMi APP," Macau's largest local lifestyle service platform. The two parties will integrate their respective resource advantages to provide merchants and users in Macau with more efficient and convenient one-stop intra-city instant delivery services, jointly promoting the digital upgrade of Macau's local lifestyle sector.

Daiwa recently issued a research report maintaining SF INTRA-CITY's target price at HK$20 and reiterating a "Buy" rating. Daiwa raised its earnings per share forecasts for SF INTRA-CITY for 2025-2027 by 6-7%, reflecting better-than-expected revenue prospects. Daiwa sees positive multi-year revenue growth prospects, with management expecting revenue to more than double starting from 2025 over the next 3-5 years.

Industrial Securities noted that instant delivery demand remains strong, and the company's profit elasticity continues to be released.