0321 GMT - Chinese logistics players may benefit from e-commerce platforms' new 'semi-endorsement' business model, Daiwa Capital Markets analysts say in a research report. This model promotes merchants' autonomy in terms of overseas logistics management and product return logistics, while the platforms manage the product pricing, promotion, and after-sales service, the analysts say. This model is positive for logistics players owing to the procurement decentralization angle, the analysts add. Daiwa sees investment opportunities in China's cross-border e-commerce logistics sector, and initiates J&T Global Express and Eastern Air Logistics with outperform ratings and target prices of HK$7.00 and CNY18.50, respectively. J&T Global Express shares are 1.0% higher at HK$6.05; Eastern Air Logistics shares are 1.5% higher at CNY16.68. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 17, 2024 23:21 ET (03:21 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments