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[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.
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Guolian Securities: Performance differentiation in the transportation sector in the third quarter, seize the upward trend.
In the third quarter, the performance of the transportation sector diverged, with aeronautical airports performing well during the peak season, showing differentiated resilience; cross-border prosperity is on the rise, with continuous profits in express delivery; road performance improved month-on-month, while railroads and ports are under pressure in this stage.
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China Post Securities: Differential performance in the transportation sector's third-quarter report, China relaxes visa-free access for citizens of nine countries.
This week, our country has further expanded the scope of visa-exempt entry for nine countries including South Korea, which is bullish for the continued recovery of our country's international routes.
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Cinda Securities: It is expected that the annual growth rate of express delivery industry business volume in 2024 will be around 20%.
In the third quarter, the express delivery industry maintained a high growth in parcel volume, with the leading companies' growth rates higher than the industry average, and the leading companies' overall single ticket profitability remaining stable.
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Hong Kong stock concept tracking | The peak season for express business has started, and the express logistics industry is entering the busy period of the november 11 shopping festival-related.
The express delivery peak season has arrived, and the branch is working overtime to cope with the first wave of november 11 shopping festival-related promotions.
Dongxing Securities: In September, the express delivery business volume growth rate decreased slightly compared to the previous month, and the single ticket income of Tongda system bottomed out and rebounded.
The bottom line of price competition is gradually becoming clear, and the single ticket income of listed companies is showing a bottom-up trend.
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