Jingu Finance | Logistics stocks generally rose, Binhai Taida Logistics (08348) rose by 3.85%, JD Logistics (02618) rose by 3.68%, Kerry Logistics (00636) rose by 1.85%, ZTO Express (02057) rose by 1.25%.
The State Post Bureau has learned that in August, the development index of China's express delivery industry increased by 12.6% year-on-year, with the express delivery market running well and service quality improving. In August, driven by the 'Qixi Festival' promotion, the market scale grew slightly, with a daily peak business volume of over 4.6 billion pieces in the express delivery industry. In the second half of the month, with the arrival of the back-to-school season, the demand for stationery purchases and luggage delivery increased, and the daily business volume grew to around 4.8 billion pieces. It is expected that the business volume of China's express delivery industry in August will increase by around 19% year-on-year, and business revenue will increase by around 11% year-on-year.
Bocom Intl stated that in the first half of the year, the profit of most express delivery companies' business increased by 10-15% year-on-year, with obvious improvement in the profits of STO Express, Best Express, and JD Logistics. Valuation sentiment in the express delivery industry has slightly warmed. Bullish on the industry, under the guidance of healthy development, it has the potential for profit improvement, and the target is in a reasonable valuation range.
