STO Express Co Ltd Class A
002468: XSHE (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| c% | LOCK|?@ | LOCK|xy |
STO Earnings: Fair Value Estimate Raised by 26% on Better-Than-Expected Market Share and Margins
We raised the fair value estimate of no-moat STO Express, or STO, by 26% to CNY 12.70 per share due to better-than-expected market share, less-than-expected unit revenue reduction, and strong cost savings in the third quarter. STO’s shares remain fairly valued, in our view.
