Fidelity International: Consolidation of China's express delivery industry may boost returns for leading companies
寒香小凡瓤
发表于 2024-8-14 18:17:02
1243
0
0
Shanghai Stock News China Securities Network (Reporter Wang Peng) Global asset management giant Fidelity International stated that Chinese express delivery companies are the main beneficiaries of the booming development of e-commerce in China, but their stock prices have not reflected the rapid increase in express delivery volume. This decoupling phenomenon reminds investors to adapt to the continuously changing economic environment in China.
In China's vast e-commerce ecosystem, the express delivery industry is an indispensable part. Influenced by the online shopping boom, the delivery volume of China's five major express delivery companies has surged and their business has improved. Unlike the United States, despite the continuous growth of China's online shopping market, the stock prices of Chinese express delivery companies were under pressure last year. "Li Jing, Director of Research at Fidelity International, believes that this phenomenon is due to the decline in the average delivery fee (ASP) of China's express delivery industry.
In Li Jing's view, the changes in the express delivery industry also reflect the transformation of Chinese consumers' consumption habits. Against the backdrop of slowing economic growth, household consumption is more focused on cost-effectiveness. This change complements the rapid rise of shopping platforms such as Pinduoduo and Tiktok, which are characterized by high quality and low price. Through live broadcast on these platforms, businesses directly sell products to consumers, indirectly driving the delivery volume and business growth of express companies.
Therefore, investing in the express delivery industry should also be aware of other market factors outside the industry. Various factors along the value chain, from consumers' purchasing power to e-commerce merchants' confidence, may lead to fluctuations in the revenue of express delivery companies during the quarter, "said Li Jing.
Looking ahead to the next few years, Li Jing said that based on past experience, the Chinese express delivery industry is expected to usher in a dawn. In theory, the government will accelerate the integration of highly competitive industries in order to promote the shift from high growth industries to high-quality growth. The market share of the top five express delivery companies in China is around 10% -20%, while the US market has been integrated into the three leading companies of UPS, FedEx, and USPS. Once the industry reaches a turning point of consolidation, the stock prices of leading companies in China's express delivery industry are expected to quickly rebound, bringing returns to investors.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Johnson&Johnson China's multiple product lines have been exposed to layoffs! An employee reported a layoff scale of 20%
- Latest disclosure! Foreign capital surges to buy Chinese assets! Significant changes in holdings
- Weight reducing version of semaglutide officially launched in China
- Yum China conducts buybacks on the Hong Kong Stock Exchange and the New York Stock Exchange respectively
- Significant transformation! Foreign giants: buy Chinese stocks!
- Chinese asset ETFs and popular Chinese concept stocks all strengthen threefold, go long. FTSE China ETF rises by over 5%
- The latest holdings of leading global asset management giants in Chinese concept stocks have been exposed
- Frontline Asset Management | HSBC China Miao Zijun: Optimistic about the Development Potential of the Mainland Wealth Market
- Selling business in China? Starbucks responds
- What is the cost of selling Starbucks' Chinese business?
-
知名做空机构香橼研究(Citron Research)周四(11月21日)在社交媒体平台X上发布消息称,该公司已决定做空“比特币大户”微策略(Microstrategy)这家公司,并认为该公司已经将自己变身成为一家比特币投资基金 ...
- caffycat
- 昨天 11:18
- 支持
- 反对
- 回复
- 收藏
-
每经AI快讯,11月20日,文远知行宣布旗下自动驾驶环卫车S6与无人扫路机S1分别在新加坡滨海湾海岸大道与滨海艺术中心正式投入运营。据介绍,这是新加坡首个商业化运营的自动驾驶环卫项目。 ...
- star8699
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
上证报中国证券网讯(记者王子霖)11月20日,斗鱼发布2024年第三季度未经审计的财务报告。本季度斗鱼依托丰富的游戏内容生态,充分发挥主播资源和新业务潜力,持续为用户提供高质量的直播内容及游戏服务,进一步 ...
- goodfriendboy
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
人民网北京11月22日电 (记者栗翘楚、任妍)2024广州车展,在新能源汽车占据“半壁江山”的同时,正加速向智能网联新能源汽车全面过渡,随着“端到端”成为新宠,智能驾驶解决方案成为本届广州车展各大车企竞 ...
- 3233340
- 昨天 17:06
- 支持
- 反对
- 回复
- 收藏