Last-mile parcel carriers struggle while global express market is set for growth
The global express parcel market is set to see steady growth over the next four ...
Let’s keep it nice and easy today following the release by JD Logistics of its interims on Tuesday.
To borrow a line from analysts at UBS, who released a (short, slightly edited here) note to investors today, the “top line growth printed 22% year-on-year, within the range of 20-25% the company guided earlier” but “slightly below our estimate (UBSe: 22.7%)”.
And the “non-IFRS loss was RMB798m, a bit larger than our estimate of RMB722m”.
Nonetheless, without disclosing a cash flow statement and still absent ...
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