No Data
No Data
ZTO EXPRESS-W: 2024 Interim Report
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.
ZTO Express (02057) has been selected as one of the top 50 most valuable Chinese brands by BrandZ for 7 consecutive years.
On September 10th, the "2024 Kantor BrandZ Top 100 Most Valuable Chinese Brands" list was released. In the logistics industry, ZTO Express (02057) ranked 48th on the list, with a brand value of 3.527 billion US dollars, and has been included in the top 50 list for 7 consecutive years.
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.
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.
No Data
No Data
102188459 : Good
102559790 : so what added measures implemented ? or another "good job! pls continue your good efforts".
AIorShit : It's still falling...