A few years back, courier business especially last-mile delivery was identified as a sunrise business with explosive growth potential due to e-commerce boom.
Now, we realize that the competition in courier business is ferocious and bloody, and its earning growth potential seems to be not that attractive anymore.
Like many other investors, I did consider to invest in courier stocks before.
GDex is perhaps the best listed courier company but its PE ratio was, and is still extremely high.
POS is the largest courier company in the country but it has a sunset mail business which will drag down its courier profit.
Nationwide looks hopeless and I have nothing much to say about it.
CJ Century was my only hope as it just started its courier service business in early 2018. However, after 3 years it's still suffering in loss and seems difficult to turnaround anytime soon.
