On the wires: SF Holding – M&A fillip already gone (as Kuehne and TFI smile)
SF Holding momentarily loses out, but revenge is a dish best served cold.
“China’s express delivery giant SF Holding reported revenue growth but net profit decline in the first quarter of 2020 amid the Covid-19 epidemic.” – xinhuanet.com, 24 April 2020.
SF Holding, one of the major integrated logistics providers in China (until 2017 known as SF Express), didn’t shine for transparency in its quarterly numbers, but here’s a short update thanks to headline coverage and estimates from the press and UBS, respectively.
While xinhuanet.com pointed out that first-quarter revenues grew steeply (+39%) to Rmb33.54bn ($4.7bn) in the ...