SF Holding (HKG:6936) saw its stock price plummet by 9.32% during intraday trading on Friday, despite reporting positive financial results for the first half of the year. The Chinese logistics giant announced a 19% year-on-year increase in net profit attributable to shareholders, reaching 5.74 billion yuan, up from 4.81 billion yuan in the same period last year.

The company's financial report, released on Thursday, showed promising growth across key metrics. Revenue rose by 9.3% to 146.9 billion yuan, while earnings per share improved to 1.16 yuan from 1 yuan in the previous year. However, these seemingly positive results failed to impress investors, leading to a significant sell-off in the stock.

The sharp decline in SF Holding's stock price, despite the company's robust financial performance, suggests that market expectations may have been set even higher. Analysts speculate that factors such as increased competition in the logistics sector, concerns about future growth sustainability, or broader market sentiment could be contributing to the stock's negative performance. As the trading session progresses, investors and market watchers will be closely monitoring SF Holding for any additional insights into this puzzling market reaction.