Editor's note: This is a guest post from Daniel Tyler, a BEST Inc investor, and does not represent the views of CnTechPost.
If you have ideas you would like to share with our readers, feel free to send them to us. Articles written for the purpose of link building will not be considered and such emails will not be answered.
I like $BEST!
So I already know I'm going to make the Chinese stock shorts and bears mad by posting this; but personally, I don't really care, because I like the company $BEST Inc!
I like the stock and think more people deserve to know about this undervalued gem.
Moreover, I'm not prejudiced, and I don't judge a company based on race or nationality or whatever -- to me, that's fundamentally wrong.
$BEST Inc is definitely under the radar. This tech company which combines logistics, SaaS (software as a service), smart supply chain, trucking, air freight and warehouse services, is in my opinion a sleeping giant.
First off, $BEST Inc's revenue is huge.
To give some comparison to this, the EV company NIO recently released their financial report in which stated NIO generated around $1.3 billion in revenue -- this for a tech company with a market cap of around 70 billion.
In comparison, $BEST Inc in Q1 generated around $1 billion in revenue; while $BEST's market cap is around 400 million.
NIO's P/S is 22.2 according to tradingview; whereas $BEST Inc's P/S is 0.1 -- I'm not denigrating NIO here; just highlighting $BEST is significantly undervalued based on this metric.
$BEST Inc is also getting closer to $BABA (Alibaba): $BEST has partnered with Cainiao, $BABA's logistics company, for "full-chain, direct logistics" expansion into "Thailand, Vietnam and Cambodia", which adds to their existing partnership which expanded into Malaysia and Singapore. Here's the link for this since I quoted it.
This is a big deal; and it is relevant when it's projected that China's logistics industry will be generating revenue in the trillions and trillions of USD by 2025 (See here).
$BEST Inc is growing too and narrowing loss/costs: in their first quarter in 2021, their parcel service Increased 33.6% year on year; their freight volume Increased by 81% year on year; and, their cost per ton decreased by 20.6%, as well as the price per ton decreasing by 5.4%.
$BEST Inc's warehouse orders Increased by 20.6% year on year; and their international Southeast Asia parcel volume Increased by 249% year on year (See here in Chinese).
There are also big institutions in $BEST Inc, which now is around 36.9%. BlackRock 4.8 million shares; Goldman Sachs 12 million shares; Alibaba group 10 million shares; Wells Fargo 9 million shares; Morgan Stanley 7.5 million shares; Vanguard 5.8 million shares, etc., (See here).
Hopefully, this serves as a concise primer as to why I like $BEST Inc: extremely undervalued; big partnership; growing/expanding; and big institutional investors. I like the stock; and I suspect there are many others who do too.
I know there's also a lot of shorts against $BEST Inc: last I checked, there was about 56% short volume, so I think it's pretty obvious why the shorts don't want any discussion about $BEST; and why the shorts will try any attempt to shut down that discussion.
But, we like the stock; I think it's only a matter of time before $BEST Inc rockets back to their IPO price of around $11+ and eventually, surpasses this. I think $BEST Inc is easily one of the most undervalued stocks around.
Long and strong! Let's go $BESTgang!