HK Stock Movement | SF INTRA-CITY (09699) Rises Over 4% as Institutions Bullish on Instant Delivery Sector's Demand Momentum

Stock News
01/20

SF INTRA-CITY (09699) surged more than 4%, and as of this writing, it was up 4.14% to HK$12.33, with a turnover of HK$37.7058 million. On the news front, Shenwan Hongyuan recently released a research report stating that Alibaba Group's investment strategy for Taobao Flash Sales for 2026 is clear, with its strategic focus fully shifting to "competing for absolute first place," a change expected to inject strong demand momentum into the instant delivery industry. In terms of stock picks, the report specifically recommends SF INTRA-CITY, which is continuously delivering profits and demonstrates significant third-party value. SF INTRA-CITY previously released data showing that during the New Year's Day holiday, the company's average daily intra-city delivery orders increased by 55% compared to the same period last year, with beverage orders doubling year-on-year and fast-food orders surging over 90%. Orders in categories such as supermarkets & department stores, cosmetics, and digital products all achieved high double-digit year-on-year growth, with both food and non-food full-scenario order volumes posting significant increases, providing support for holiday consumption and commercial operations.

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