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[China International Capital CorporationTiger'sTroveTrek: The growth rate of parts volume in the express delivery industry exceeded expectations again. Medium-to-high growth is expected] Securities Times e Company NewsTiger'sTroveTrek, China International Capital Corporation research reported that according to the State Post Bureau, express delivery business volume in the first quarter increased by 25% year-on-yearTiger'sTroveTrek.2%, and express delivery volume in April increased by 22Tiger'sTroveTrek.7%, demand data continues to improve, CICC...
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[CICC: The growth rate of parts volume in the express delivery industry exceeds expectations again and medium-to-high-speed growth is expected] Securities Times e Company News, CICC research reported that according to the State Post Bureau, the express delivery business volume in the first quarter increased by 25.2% year-on-year. In April, the volume increased by 22.7% year-on-year, and demand data continued to improve. CICC believes that mainly due to the resilience of online consumption, the development of Live streaming eCommerce, and the proportion of small packages and returned parts. The annual growth rate is expected to exceed expectations at the beginning of the year. In the medium term, three-year perspective, the demand (part volume) of the express delivery industry is still expected to maintain high single-digit to low double-digit growth. The current industry valuation is still at a historically low position. Each company has increased the dividend ratio. The sector valuation is cost-effective and gradually switches from growth stocks to value stocks. It is recommended to seize layout opportunities.