摩根士丹利：中国快递_2024年9月市场分析
摩根大通·2024-10-24 10:13
M Update China Express | Asia Pacific October 20, 2024 03:46 PM GMT Market Analysis for September 2024 We see a mild MoM ASP improvement following industry price hike, likely indicating more profit was allocated to network partners, in our view. YoY revenue growth decelerated in low season. YTO outperformed on a low base. Key Takeaways YTO led YoY volume and revenue growth in Sep-24, likely on a low base. SF's international revenue rose 23% YoY on rising seaborne shipping rates, growing air cargo demand and ...