STO Express Co Ltd Class A
002468: XSHE (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
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| &D | LOCK|#V | LOCK|Qk |
Chinese Policymakers Use Price-Floor Measures in Guangdong and Zhejiang, Benefiting STO Express
Business Strategy and Outlook
The six largest privately owned express delivery companies accounted for around 82% of China’s parcel deliveries by volume in the third quarter of 2024, based on data from the companies and China’s State Post Bureau. With their share already high, we think further gains from smaller players are limited for these large companies.
