Investment Thesis
Since the outbreak of the coronavirus, BEST Logistics (NYSE: BEST) has suffered from price drop together with other Chinese companies, due to the fear of the overall Chinese economic slowdown. Our analysis shows that the negative impact of the epidemic is limited to the company, and as the demand for online shopping grows as a result of the outbreak, logistics companies like BEST will actually benefit in the long run.
The Company And the Business
BEST Logistic was established in 2007?and entered into the Express industry by acquiring Huitong Express (????). Now