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Global Trade To Increase 2.7% In 2024: WTO
China Federation of Logistics and Purchasing: Global manufacturing PMI was 48.8% in September.
On October 6, China's logistics and purchasing federation announced that the global manufacturing PMI in September 2024 was 48.8%, a slight decrease of 0.1 percentage points from the previous month, hovering around 49% for the third consecutive month.
Spotlight | COSCO Shipping Holdings rises more than 4%, leading the shipping sector. Central banks of various countries cutting interest rates may boost international trade, multiple disturbances affecting the shipping supply side.
Shipping and ports stocks continued to rebound recently. As of the time of publication, Cosco Shipping Holdings rose by 4.58%, Sinotrans Limited rose by 4.27%, OOIL rose by 2.11%, and Sitc rose by 3.29%.
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.
We Think That There Are More Issues For Tianjin Binhai Teda Logistics (Group) (HKG:8348) Than Just Sluggish Earnings
BINHAI TEDA: Interim Report 2024
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