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Here Are the Major Earnings After the Close Today
Catalyst Watch: Nvidia Earnings, Microsoft Ignite, Crypto Confidence, and P&G Event
China Data Point to Gradual Improvement, but Tariff Risk Looms
[Brokerage Focus] Citigroup: Demand for express delivery services in China is growing, with November 11 shopping festival-related leading to a sharp increase in parcel volume.
Jinwu Finance News | Summary: Citigroup Research analyzed the express service situation in china's logistics industry, with a particular focus on the data from October 2024. Due to the november 11 shopping festival-related occurring one week earlier than last year, starting from October 14, the initial parcel volume in October saw a year-on-year increase of 24%. The parcel volume growth for the first ten months of this year is expected to be 22.3%. The report indicates that although the overall price increase is slightly lower than expected, the demand for express services is anticipated to maintain high single-digit growth in November. Key points: 1. The initial parcel volume in October increased by 24% year-on-year, thanks to the earlier timing of the november 11 shopping festival-related. 2. The parcel volume for the first ten months of this year.
Hillhouse HHLR Q3 hold positions: Chinese concept stocks hold an absolute dominant position, and the total market value of hold positions grew by more than 10%!
①HHLR Advisors, a subsidiary of Hillhouse Capital, saw its total market cap of US stocks holding positions grow by over 10% in the third quarter, with 9 of the top ten heavy positions being Chinese concept stocks; ②HHLR Advisors continued to hold heavy positions in Chinese concept stocks in the third quarter, with the market cap of Chinese concept stocks increasing from 85% in the second quarter to 93% in the third quarter.
Earnings Preview: ZTO Express to Report Financial Results Post-market on November 19
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