BEST
BEST IncBEST
BEST
About: BEST Inc is a supply chain company. It provides a New Retail platform that offers technology-enabled integrated solutions such as supply chain management, express delivery, freight, merchandise sourcing, cross-border supply chain, last-mile, financial and value-added services. The Group operates in the following operating segments, Supply chain management services, Freight, Global and Others. The Others category principally relates to cross-border logistic coordination services. The majority of revenue generated from Freight segment.
Employees: 3,572
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
17% more capital invested
Capital invested by funds: $3.08M [Q2] → $3.59M (+$509K) [Q3]
0.2% more ownership
Funds ownership: 0.3% [Q2] → 0.5% (+0.2%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
0% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 2
14% less funds holding
Funds holding: 22 [Q2] → 19 (-3) [Q3]
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
49% less call options, than puts
Call options by funds: $711K | Put options by funds: $1.39M
Research analyst outlook
We haven’t received any recent analyst ratings for BEST.
Financial journalist opinion
Neutral
PRNewsWire
3 months ago
BEST Inc. Expands into Indonesia with Cross-Border and SaaS Services to Strengthen Global Strategy
JAKARTA, Indonesia , Aug. 29, 2024 /PRNewswire/ -- On August 29, BEST Inc. held an opening ceremony in North Jakarta, Indonesia, announcing the official launch of cross-border supply chain services and full-scenario, full-link SaaS solution services in Indonesia. This is another heavyweight market of BEST following investments in Thailand, Vietnam, Malaysia, Singapore, and the Philippines, marking another important step in BEST's strategic layout in Southeast Asia.
Neutral
PRNewsWire
6 months ago
Shareholder Alert: Ademi LLP investigates whether BEST Inc. has obtained a Fair Price for its Public Shareholders
MILWAUKEE , June 21, 2024 /PRNewswire/ -- Ademi LLP is investigating BEST (NYSE: BEST) for possible violations of law in its transaction with its majority control shareholder Shao-Ning Johnny Chou, the chief executive officer and chairman of the board of directors of BEST. Click here to learn how to join the https://www.ademilaw.com/case/best-inc or call Guri Ademi toll-free at 866-264-3995.
Neutral
Business Wire
6 months ago
BEST Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of BEST Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of BEST Inc. (NYSE: BEST) to BEST Global Partners and Phoenix Global Partners for $2.88 in cash per American Depository Share is fair to BEST shareholders. Halper Sadeh encourages BEST shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigati.
Neutral
PRNewsWire
6 months ago
BEST Inc. Enters into Definitive Agreement for "Going Private" Transaction
HANGZHOU, China , June 20, 2024 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with BEST Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands ("Parent") and Phoenix Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Parent ("Merger Sub"). Pursuant to the Merger Agreement, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent (the "Merger"), in a transaction implying an equity value of the Company of approximately US$54.2 million.
Neutral
PRNewsWire
6 months ago
BEST Inc. Announces Unaudited First Quarter 2024 Financial Results
HANGZHOU, China , June 6, 2024 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced its unaudited financial results for the first quarter ended March 31, 2024. FINANCIAL HIGHLIGHTS (1) For the First Quarter Ended March 31, 2024: (2 ) Revenue was RMB1,942.0 million (US$269.0 million), compared to RMB1,715.3 million in the first quarter of 2023.
Neutral
PRNewsWire
8 months ago
BEST Inc. Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results
HANGZHOU, China , March 27, 2024 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. FINANCIAL HIGHLIGHTS (1 ) For the Fourth Quarter Ended December 31, 2023: (2 ) Revenue was RMB2,236.3 million (US$315.0 million), compared to RMB1,981.4 million in the fourth quarter of 2022.
Neutral
PRNewsWire
1 year ago
BEST Inc. Announces Appointment of Financial Advisor and Legal Counsel to the Special Committee
HANGZHOU, China , Nov. 23, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that the independent special committee (the "Special Committee") of the Company's board of directors (the "Board"), formed to evaluate and consider the previously announced preliminary non-binding proposal letter dated November 3, 2023 (the "Proposal"), has retained Kroll, LLC as its financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as its U.S. legal counsel. The Special Committee is continuing its review and evaluation of the Proposal.
Neutral
PRNewsWire
1 year ago
BEST Inc. Announces Unaudited Third Quarter 2023 Financial Results
HANGZHOU, China , Nov. 22, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced its unaudited financial results for the third quarter ended September 30, 2023. FINANCIAL HIGHLIGHTS [1] For the Third Quarter Ended September 30, 2023: [2] Revenue was RMB2,226.7 million (US$305.2 million), compared to RMB2,029.1 million in the third quarter of 2022.
Neutral
PRNewsWire
1 year ago
BEST Inc. Receives Notice Regarding NYSE Continued Listing Standards
HANGZHOU, China , Nov. 14, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced that it received a letter from the New York Stock Exchange (the "NYSE"), dated October 17, 2023, notifying the Company that it was not in compliance with applicable market capitalization and equity criteria (the "Market Cap and Equity Criteria") in the NYSE's continued listing standards because, as of October 16, 2023, the Company's (i) average total market capitalization was less than $50 million over a consecutive 30 trading-day period, and (ii) last reported stockholders' equity as of June 30, 2023 was less than $50 million. The Company is currently in compliance with all other NYSE continued listing standards, and the Company's American Depositary Shares will continue to be listed and traded on the NYSE.
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