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Are Robust Financials Driving The Recent Rally In ANE (Cayman) Inc.'s (HKG:9956) Stock?
ANE: INTERIM REPORT 2024
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%.
Hong Kong stock concept tracking | In August, China's express delivery index increased by 12.6% year-on-year. Leading express delivery companies are seeking balance between volume, quality, and profitability (including concept stocks).
Express delivery industry Q2 profits steadily increasing, expectations of consistent price hikes in the peak season realized ahead of schedule.
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 | China warehousing index returns to the expansion range, improving the logistics business climate level (with concept stocks)
During the summer vacation, there is a strong demand for consumer logistics, which drives the accelerated growth of e-commerce express delivery and logistics business.
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