Zhongtong Express (02057) -W rose by more than 5% and rose 5.22% at press time to HK$163.4, with a turnover of HK$123 million.
The Zhitong Finance App learned that Zhongtong Express (02057) -W rose by more than 5% and rose 5.22% at press time to HK$163.4, with a turnover of HK$123 million.
According to the news, monitoring data from the express big data platform of the State Post Office shows that the average daily express delivery volume in March was 442 million pieces, an increase of 17.6% over the previous year, and the overall operation of the industry remained smooth and stable. According to the survey results of a third-party social agency, public satisfaction with express delivery services in March was 83.3 points, up 3.3 points from the previous year. Of these, satisfaction with express delivery services was 85.9 points, up 1.8 points from the previous year.
Changjiang Securities said that in 2024, Zhongtong implemented a regular dividend policy and added a repurchase plan amount. After the industry volume growth rate exceeded expectations, it also alleviated market concerns about excessive price competition. From an industry perspective, express delivery prices, sector valuations, and institutional holdings are currently at the bottom of history, and industry growth is expected to exceed expectations in 2024. In 2024, Zhongtong emphasized high-quality development, combined with regulatory policies to restrict the intensity of price competition. A second-order price turning point can be expected, prompting investment opportunities at the bottom of the express delivery sector.