极兔速递-W东南亚盈利基石稳固,新市场增长蓝图展开

国盛证券
Dec 31, 2025

全球布局的快递黑马,三区域共驱高成长。极兔速递是一家从东南亚崛起,并成功拓展至中国及拉美中东的全球化快递企业,快递网络覆盖了13个国家,当前,核心投资逻辑在于,公司正同时享受东南亚电商及社媒平台崛起、中国的“反内卷”下盈利修复与标准输出以及新市场电商的爆发式增长三重红利。东南亚:盈利压舱石,乘社交电商东风而上。东南亚是公司的起家市场和利润“压舱石”,市占率稳居行业第一。2025年,公司成功把握了...

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