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Ministry of Transport: From April 1 to April 7, the total number of goods transported by national railways was 703.17 million tons, down 3.51% from the previous month
National railways transported a total of 703.17 million tons of goods, a decrease of 3.51% over the previous month; a total of 468.26 million trucks passed on highways across the country, a decrease of 12.98% over the previous month.
Zhitong FinanceApr 8 01:49 ET
Komo: Maintaining Kerry Logistics's (00636) “Accumulation” Rating Target Price of HK$11
The Zhitong Finance App learned that J.P. Morgan Chase released a research report stating that it slightly raised Kerry Logistics (00636)'s profit forecast for the 2024 fiscal year by 2% and maintained a target price of HK$11. It believes the Group is best able to benefit from the current cycle of rising air and sea freight rates and maintain an “gain” rating. Management has a positive view of this year's air and sea freight rate trends. The growth of cross-border e-commerce will strongly support air freight prices. Amid the ongoing Red Sea crisis and the uncertainty brought about by the July/August East Coast trade union negotiations, the upward cycle of sea freight rates is likely to continue. According to the report, the group's long-term strategy is to expand its presence
Zhitong FinanceApr 4 21:34 ET
Kerry Logistics Network (HKG:636) Takes On Some Risk With Its Use Of Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know wor
Simply Wall StApr 2 19:45 ET
China IoT: China's logistics industry sentiment index in March was 51.5%, up 4.4 percentage points from month to month
The Zhitong Finance App learned that on April 2, the China Federation of Logistics and Purchasing released the China Logistics Industry Sentiment Index for March.
Zhitong FinanceApr 1 21:24 ET
China's Logistics Sector Registers Growth in First Two Months
China's logistics sector rallied in the first two months of the year, according to an industry report.
China DailyMar 31 09:22 ET
Big Bank Rating | Citibank: Raising Kerry Logistics's target price to HK$10.5 to raise earnings estimates for this year and next two years
According to a research report published by Citigroup, Kerry Logistics' profit last year was better than expected, driven by a gradual improvement in freight rates in the second half of the year. Management believes that although freight rates have declined recently, ocean freight rates should improve year by year after bottoming out in the first half of the year, and the integrated logistics business may grow moderately, driven by more projects in Hong Kong. Due to better freight prospects, the profit of the international freight forwarding business may improve significantly this year. The bank raised the Group's profit forecast for 2024 and 25 by 29%, and raised the target price from HK$8.42 to HK$10.5, maintaining a “buy” rating.
Gelonghui FinanceMar 28 23:01 ET
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