Morningstar

We Initiate Coverage on No-Moat STO Express With a Fair Value Estimate of CNY 9.60

The network partner model-based companies in China have gained parcel volume share from direct operation-based companies, with share rising to 76% in 2022 from 66% in 2011. The six largest express ...
Morningstar

STO's Earnings and Margin Improvement Better Than Our Expectation

The six largest privately owned express delivery companies accounted for around 82% of China’s parcel deliveries by volume in the third quarter of 2024, based on data from the companies and China’s ...
Reuters

China's STO Express to go public in $2.6 bln reverse takeover deal

HONG KONG/BEIJING, Dec 1 (Reuters) - Chinese delivery firm Shentong (STO) Express has closed a 16.9 billion yuan ($2.6 billion) reverse takeover deal with a Shenzhen-traded valve maker, a fast-track ...
Reuters

Chinese delivery firm STO Express eyes 'back-door' listing-spokeswoman

SHANGHAI, Oct 23 (Reuters) - Chinese express parcel delivery firm Shentong (STO) Express is planning a 'back-door' listing through a deal that would see it take over a publicly traded firm in Shenzhen ...