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Guolian Securities: 'November 11 shopping festival-related' e-commerce promotion in advance drives up the volume and price of Tongda Express.
Due to the earlier start of this year's november 11 shopping festival-related, the national scale express delivery business volume in October was 16.31 billion items, a year-on-year increase of 24.0%.
[Brokerage Focus] swhy maintains a "buy" rating on zto express (02057), indicating that there is still significant room for valuation compared to comparable companies.
Jinwu Financial News | SWHY issued a research report stating that zto express (02057) achieved revenue of 10.675 billion yuan in the third quarter, a year-on-year increase of 17.6%; adjusted net income was 2.39 billion yuan, a year-on-year increase of 2.0%. In the third quarter, the price competition during the off-season was relatively intense, and combined with the company's global strategy adjustments, the performance was slightly below expectations. According to the company's announcement, for the third quarter, the cost per ticket for distribution was 0.25 yuan/ticket, a year-on-year decrease of 0.02 yuan; the transportation cost per ticket was 0.39 yuan/ticket, a year-on-year decrease of 0.04 yuan, with a core cost reduction of 0.06 yuan. The company's operational efficiency continues to be released.
Capital flow statistics of the Shenzhen-Hong Kong Stock Connect (T+2) | November 25
Zhitong Hong Kong Stock Connect capital trend | November 25
Returns At ZTO Express (Cayman) (NYSE:ZTO) Are On The Way Up
US MOVERS&SHAKERS Nov 18-Nov 22, 2024
【Brokerage Focus】jpmorgan indicates that the trend of reverse logistics is becoming increasingly important, and the competitive landscape in the logistics field is being reshaped.
JPMorgan released a research report, stating that during the november 11 shopping festival-related period, China's express parcel volume reached a record high, with a year-on-year growth of 25%, while pricing trends remained stable. The e-commerce market is entering a new phase, with competition expected to be more moderate by 2025. Traditional platforms like Taobao / Tmall and jd.com maintain stable market positions, while pdd holdings continues to grow by offering high-cost-effective commodities. The report further points out that data for October shows that e-commerce growth benefited from stimulus policies and an early start to november 11 shopping festival, with online retail sales increasing by 10% year-on-year and home appliance sales increasing by 39%. Industry data shows parcel volumes, physical commodities.
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