Jinwu Financial News | Sino-Thai International said that cross-border e-commerce logistics service provider Fanyuan International (02516) has launched a stock offering. According to the bank, Alibaba is a shareholder of the company, which can attract market attention. However, China's cross-border e-commerce logistics industry is highly fragmented, and market competition is fierce. The company's market share is low. The company's revenue and profit performance have fluctuated in recent years, and the trend is yet to be verified.
In terms of valuation, the company's adjusted price-earnings ratio is in the middle of peer valuation. The IPO climate has improved in recent months, but price stabilizers lack sufficient track record. The company only introduces individual investors as the cornerstone. Arrangements are rare in the market, and may not necessarily boost market confidence. Therefore, based on the above, it was given a score of 65, and the rating was “neutral.”