Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  BEST Inc.    BEST

BEST INC.

(BEST)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

THE DAILY MACRO BRIEF: US-China make progress, as surprising data emerges…

share with twitter share with LinkedIn share with facebook
11/08/2019 | 08:00am EDT

Markets continue to enjoy a growing appetite for risk as they become more confident that the United States and China will achieve some kind of peace of mind on their trade. Investors seem willing to accept a very partial agreement, since it appears that the two powers will not resolve all their disagreements in the short term, if only one day they will succeed. Any signals? Gold (down USD 30) and bonds (back in the green of some sovereign rates) fell yesterday, suggesting that investors are coming out of their protected hiding places. The United States has confirmed that the "pre-agreement" under negotiation will include waiver of some of the customs duties in place.

This wild optimism is surprising, as the current growth cycle has been stretching more and more since it started after the 2008 subprime crisis. While the Sino-American trade negotiations seem to be moving in the right direction, we must nevertheless remain cautious because the news is sometimes unpredictable. Most countries doubt their growth and in response, the Peruvian central bank lowered its key rates and the Malaysian central bank decided to lower its reserve requirement ratio.

The United States and China "agree" to reduce tariffs. If the two countries manage to sign the "Phase one" agreement, they should simultaneously cancel the customs duties they have imposed on each other in recent months, in the same proportions. No location has yet been found for the signing of the agreement. Chinese negotiators are seeking from the United States the cancellation of the 15% tax (as of September 1) on $125 billion of products imported from China, as well as the cancellation of the 25% customs duties that have been imposed on $250 billion of other products.

Peru's central reserve bank surprises. The institution decided to lower its key interest rate from 2.50% to 2.25%. This decline was relatively unexpected. According to a Bloomberg survey, 10 out of 16 economists expected a 2.50% retention rate. This new rate is the lowest since 2010 and a decrease has been implemented for the second time in four months. The central bank even seems inclined to make a further reduction if necessary, in order to avoid at best suffering the effects of the slowdown in its growth.

Decrease in the reserve requirement ratio in Malaysia. The State Bank of Malaysia has decided to reduce its reserve requirement from 3.5% to 3%. This decrease will theoretically provide the necessary liquidity in the interbank market.

Today's economic highlights

The University of Michigan Confidence Index will be the main U.S. indicator for the day. In China this morning, foreign trade indicators are above expectations.



share with twitter share with LinkedIn share with facebook
All news about BEST INC.
09/28BEST : Continuously innovating cross-border logistics makes progress
AQ
09/23ALIBABA : Logistics Arm Partners With New York-Listed BEST for China-Malaysia Se..
DJ
09/16Alibaba-Backed Courier to List in Hong Kong
DJ
08/27EXCLUSIVE : Alibaba in talks to hike stake in Chinese courier YTO Express - sour..
RE
08/27Alibaba in talks to hike stake in Chinese courier YTO Express -sources
RE
08/17BEST : 2Q Earnings Snapshot
AQ
08/12BEST INC. : half-yearly earnings release
08/12Alibaba-backed Best to list delivery business in Hong Kong - sources
RE
08/12Alibaba-backed best inc is seeking a hong kong listing for its express delive..
RE
06/12NEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
More news
Financials
Sales 2020 34 409 M 5 148 M 5 148 M
Net income 2020 -948 M -142 M -142 M
Net Debt 2020 1 250 M 187 M 187 M
P/E ratio 2020 -10,0x
Yield 2020 -
Capitalization 7 413 M 1 109 M 1 109 M
EV / Sales 2020 0,25x
EV / Sales 2021 0,23x
Nbr of Employees 8 423
Free-Float 51,1%
Chart BEST INC.
Duration : Period :
BEST Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BEST INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 34,30 CNY
Last Close Price 19,25 CNY
Spread / Highest target 130%
Spread / Average Target 78,2%
Spread / Lowest Target 11,8%
EPS Revisions
Managers
NameTitle
Shao-Ning Chou Chairman & Chief Executive Officer
Jenny Pan Finance Director & Chief Accounting Officer
Gloria Fan Chief Financial Officer
Yan Bing Zhang Vice President-Engineering
Jun Chen Director
Sector and Competitors
1st jan.Capitalization (M$)
BEST INC.-48.20%1 109
S.F. HOLDING CO., LTD.128.53%57 773
ZTO EXPRESS (CAYMAN) INC.29.64%25 890
POSTE ITALIANE S.P.A.-24.84%11 690
YTO EXPRESS GROUP CO.,LTD.15.02%6 876
ÖSTERREICHISCHE POST AG-15.59%2 295