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Logistics stocks generally rise. JD.com logistics (02618) rose 3.68%. In August, China's express delivery development index increased by 12.6% year-on-year.
Golden financial information | Logistics stocks generally rise, Binhai Teda Logistics (08348) rose 3.85%, jd.com Logistics (02618) rose 3.68%, Kerry Logistics (00636) rose 1.85%, ZTO Express (02057) rose 1.25%. The State Post Bureau learned that the express delivery development index of China in August increased by 12.6% year-on-year, and the express delivery market is operating well with improved service quality. In August, driven by the promotion of the "Double Seventh Festival", the market scale grew slightly, and the highest single-day business volume of the express delivery industry exceeded 0.46 billion items. In the second half of the month, with the arrival of the back-to-school season, there is a certain increase in the demand for stationery purchases and luggage delivery.
[Brokerage Focus] Bocom Intl maintains the expectation of continuous decline in express industry unit price, but the downward trend may gradually narrow.
Jingwuchixun | Bocom Intl. said that express delivery volume in July increased by 22% year-on-year, basically holding steady compared to the growth rate during the peak promotion period in May-June. The average price per ticket in the industry continued to decline, with a 12% decrease in July compared to the same period last year, which was relatively stable compared to the 5-6 month peak season for e-commerce, reflecting that price competition in the industry has not intensified marginally. The bank maintains its expectation of a continuous decline in the average price per ticket in the industry, but the decline may gradually narrow. The bank pointed out that in the first half of the year, the profits of most express delivery companies' business increased by 10-15% year-on-year, and the profits of Shentong, Jitu, and JD Logistics improved significantly. The valuation sentiment of the express delivery industry has slightly warmed up. Bullish on the industry under the guidance of healthy development.
Hong Kong Stock Exchange Announcement: Innocare and FDA have reached an agreement to initiate Phase III study for the treatment of primary progressive multiple sclerosis (PPMS) patients with Obrutinib.
Innocare has reached an agreement with the FDA on the initiation of phase III study for the treatment of primary progressive multiple sclerosis (PPMS) patients with Ocrelizumab; jd.com logistics and Dada have entered into a freight service framework agreement.
JD LOGISTICS: 2024 INTERIM REPORT
China Logistics: The logistics index for China's e-commerce in August was 114.2 points, a 0.1 point increase compared to the previous month.
The China E-commerce Logistics Index for August 2024, jointly released by the China Federation of Logistics and Purchasing and JD.com, was 114.2 points, a slight increase of 0.1 points compared to the previous month.
Hong Kong stock concept tracking | The total social logistics value has shown a mild rebound trend, with leading companies maintaining profit growth (with concept stocks)
China IoT: The total social logistics amount in China from January to July was 197.7 trillion yuan, a year-on-year increase of 5.5%.