Understanding the Market | ZTO EXPRESS-W rose over 4%, the company's single ticket profitability leads, institutions recommend paying attention to the price performance during the peak delivery season
I'm LongbridgeAI, I can summarize articles.ZTO EXPRESS-W rose over 4%, as of the time of writing, up 4.13%, reported at HKD 151.4, with a transaction volume of HKD 421 million. In terms of news, CMS stated that due to the catalysis of anti-involution policies, favorable events and positive signals in the industry are continuously being released, driving a significant valuation repair: at the beginning of May, Yiwu's express delivery prices achieved a slight recovery; in July, the State Post Bureau held multiple meetings related to "anti-involution"; the South China region initiated price increases in early August, and Yiwu started price increases at the end of August. From the monthly data performance of major e-commerce express delivery companies in August, it has preliminarily verified the month-on-month price recovery; since September, prices in multiple regions in Central and Northern China have shown month-on-month recovery. With Double Eleven approaching and the express delivery industry entering the peak season, it is recommended to continue to pay attention to the performance of peak season prices and data verification. Sealand Securities previously pointed out that ZTO Express's scale effect and single ticket profitability are significantly ahead, and with the continuous optimization of product and business structure, the full-chain cost reduction projects are continuously advancing, and the single ticket profitability is expected to continue to widen the gap with peers. In the short term, it is expected that the volume and profit rebalancing strategy will bring profit and growth recovery, and in the long term, it is optimistic about the excellent management of leading e-commerce express delivery companies, maintaining a "buy" rating
According to Zhitong Finance APP, ZTO Express-W (02057) rose over 4%, reaching a 4.13% increase at the time of publication, priced at HKD 151.4, with a transaction volume of HKD 421 million.
In terms of news, CMS stated that driven by anti-involution policies, favorable events and positive signals in the industry are continuously being released, leading to a significant valuation recovery: at the beginning of May, Yiwu's express delivery prices achieved a slight recovery; in July, the State Post Bureau held several meetings related to "anti-involution"; the South China region initiated price increases in early August, and Yiwu started price increases at the end of August. From the monthly data performance of major e-commerce express delivery companies in August, it has preliminarily verified the month-on-month price recovery; since September, prices in several regions in Central and North China have shown month-on-month recovery. With Double Eleven approaching and the express delivery industry entering its peak season, it is recommended to continue monitoring the performance of peak season prices and data verification.
Sealand Securities previously pointed out that ZTO Express has a significant lead in scale effects and single-ticket profitability. As the product and business structure continues to optimize and the full-chain cost reduction projects are continuously promoted, the single-ticket profitability is expected to continue to widen the gap with peers. In the short term, it is anticipated that the volume and price rebalancing strategy will bring profit and growth recovery, while in the long term, it is optimistic about the strong management of leading e-commerce express delivery companies, maintaining a "buy" rating