The Zhitong Finance App learned that Zhongtong Express-W (02057) rose nearly 5%. As of press release, it had risen 4.57% to HK$173.9, with a turnover of HK$292 million.
According to the news, the State Post Office recently released the China Express Delivery Development Index Report for April 2024. According to the report, according to estimates, China's express delivery development index for April 2024 was 416, an increase of 16.7% over the previous year. In April, the market size of the industry grew steadily, service quality and efficiency continued to improve, development capacity was enhanced, and the overall operating trend improved.
In addition, Guoxin Securities pointed out that in the context of consumption downgrade, the growth in express delivery demand is quite resilient. The bank judges that the performance of leading industry players in 2024 will maintain a relatively rapid growth trend and is highly certain, while the valuation of leading express delivery companies is still at a low level, medium- to long-term investment layout opportunities are highlighted, and they are optimistic about Zhongtong Express, etc.