Industrials Nov 06, 2020 10:07 AM (GMT+8) · EqualOcean
According to Citic Securities, the express industry is in the critical consolidation phase, and the price war is expected to occur. However, the price war might decrease industry giants’ profits, lowering their market values. Even if the profits show a declining trend, it does not mean that express firms’ intrinsic values will also decrease, which might grow up in the future.