- BEST's share price has more than halved in the past one year, which is mainly attributable to competition intensifying in the company's core Express business segment.
- BEST is restructuring its Express business by improving service quality, optimizing pricing strategy and pricing, and lowering costs.
- The company is also exiting its Store+ business, as part of a renewed focus on its core businesses.
- BEST is valued by the market at consensus forward FY 2021 and FY 2022 P/E multiples of 54.0 times and 7.4 times, respectively.
For further details see:
BEST Inc.: Business Restructuring Underway