Lin Shixiong: Hong Kong International Airport's daily passenger traffic has recovered to 75% of pre-epidemic levels and is expected to fully recover within the year.
Transportation and Logistics Bureau Director Lin Shixiong previously attended the General Chamber of Commerce gala dinner and stated that the authority is continuously developing and improving a public transportation system that uses railroads as the backbone and is supplemented by multiple modes, including proposing an optimization plan for the Three Railways and Three Roads, promoting the Two Railways and One Road in the new eastern towns of the northern metropolitan area, and promoting a smart and green collective transportation system.
China's Logistics Sector Growth Slows in June
Growth in China's logistics sector decelerated in June by 0.2 percentage points month on month to 51.6%, according to a report by the China Federation of Logistics and Purchasing released Tuesday.
State Post Bureau: China's express delivery business volume exceeded 80 billion in the first half of the year.
According to the monitoring data of the State Post Bureau, as of June 30th, this year's express business volume in China has reached 80 billion, 59 days earlier than in 2023.
Express News | CICC: Focusing on recommending investment opportunities in export chain logistics and shipping in the second half of the year.
China Federation of Logistics & Purchasing: The total social logistics in the country was 135.3 trillion yuan from January to May, a year-on-year increase of 5.9%.
On June 28th, China Logistics and Purchasing Federation released data on logistics operations from January to May.
Here's Why Investors Should Retain ZTO Express (ZTO) Stock
Dah Sing downgrades ZTO Express (ZTO.US) rating to "neutral" with a target price of $21.2.
Macquarie released a report, lowering the profit forecast for ZTO Express (ZTO.US) (02057.HK) by 2% and 4% for the next two years, reflecting pressure on revenue. The target price of the stock on the US market has dropped from $25.8 to $21.2, and the investment rating was downgraded from "outperform" to "neutral". The bank pointed out that the trend of downgrading mainland Chinese consumer index continued, leading to frequent promotions and merchant discounts, which will shift pressure to delivery companies as merchants and e-commerce platforms will promote more cost-effective delivery solutions. The bank also indicated that third-party logistics pricing competition remains intense, with the industry's average freight rates falling 4% last year and another cumulative 1% this year.
Morgan Stanley upgraded JD.com logistics (02618.HK) rating to "outperform", with target price increased to 9.9 yuan.
According to a report published by Macquarie, the outlook for JD logistics (02618.HK) is more optimistic due to the fact that JD Retail has finally bottomed out after a year-long restructuring. As JD (09618.HK) has lowered the free shipping threshold, there have been positive signs of conversion rate and orders, which are beneficial to JD Logistics' internal orders. The bank expects that JD Logistics' self-operated platform (1P) revenue in the second quarter of 2024 and in 2024 will increase by 16% annually, which is faster than last year's growth rate of 4%. As for third-party sales platform (3P) revenue, it is also expected to increase rapidly due to a more favorable customer mix, supporting gross margin growth. Macquarie has raised its rating on JD.
ZTO Express (Cayman) Price Target Announced at $21.20/Share by Macquarie
ZTO Express (Cayman) Price Target Announced at $21.20/Share by Macquarie
ZTO Express (Cayman) Cut to Neutral From Outperform by Macquarie
ZTO Express (Cayman) Cut to Neutral From Outperform by Macquarie
Macquarie Downgrades ZTO Express (Cayman) to Neutral, Announces $21.2 Price Target
Macquarie analyst Ellie Jiang downgrades ZTO Express (Cayman) (NYSE:ZTO) from Outperform to Neutral and announces $21.2 price target.
Returns At ZTO Express (Cayman) (NYSE:ZTO) Are On The Way Up
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expandi
HK stock market volatility | ZTO Express-W (02057) rose more than 4%, industry competition slows down, leading companies' profit center is expected to move up.
ZTO Express-W (02057) rose more than 4%. As of press time, it rose 4.17%, closing at HKD 172.5, with a turnover of HKD 37.057 million.
Chinese Equity Market Shows Momentum to Return Cash to Shareholders
0910 GMT - The Chinese equity market's momentum to return cash to shareholders looks promising, Goldman Sachs analysts say in a research note. The strong policy push by regulators could further encour
Express News | Goldman Sachs: Build an investment portfolio focused on Chinese shareholders, including Tencent, JD.com, and BYD Company Limited.
Goldman Sachs: Constructing a portfolio of returns for Chinese shareholders, including ICBC (01398.HK), Bank of China (03988.HK), China Merchants Bank (03968.HK), Tencent (00700.HK), jd.com (09618.HK) and BYD Company Limited (01211.HK).
Goldman Sachs has released a research report stating that investment themes focusing on shareholder returns are taking shape in the mainland, with mainland-listed companies having returned more than RMB 2 trillion to shareholders annually over the past three years through dividends and buybacks. The bank is bullish on this theme and has constructed a Chinese equity shareholder return portfolio, including companies with stable cash flows, those with surprising dividends or buybacks, and specific central or state-owned enterprises. This portfolio includes 40 companies from 16 industries, and is expected to achieve a shareholder return yield of 3%, a free cash flow yield of 5%, and a cash/market cap ratio of 16% by 2024. Portfolio constituents include ICBC (01
Express News | Communications have been restored in flood-hit areas of Meizhou, Guangdong, and 34 national and provincial roads have been cleared.
US stock market early trading | The three major indexes have mixed gains and losses, semiconductor stocks have declined, and Nvidia has fallen more than 4%.
Most popular China concept stocks declined, with XKE surpassing 4% decrease, Netease falling over 2%, JD.com and PDD Holdings both dropping nearly 2%, and Bilibili rising against the trend with over 3% increase.
ZTO Express (Cayman) Inc. Announces Results of Annual General Meeting
SHANGHAI, June 18, 2024 /PRNewswire/ -- ZTO Express (Cayman) Inc. (NYSE: ZTO and HKEX: 2057), a leading and fast-growing express delivery company in China ("ZTO" or the "Company"), today announced tha
US stocks close | S&P hits new highs, Tesla rises more than 5%, Qualcomm and Broadcom stock prices hit new highs.
Micron Technology and Taiwan Semiconductor hit a new closing high, while GameStop fell more than 12%; Bilibili rose more than 6%, while NIO Inc and Xpeng rose more than 2%.