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中文(ZH) 中信证券:目前快递龙头估值极具吸引力,建议择机布局

CITIC Securities sees value in express delivery leaders, forecasts profit growth

CITIC Securities has identified attractive valuations among leading express delivery companies, recommending strategic investment. The firm anticipates significant profit growth in the second quarter of 2026, driven by e-commerce and potential policy support for consumption. They project an 8% increase in parcel volume for the full year, with differentiation in cost-reduction capabilities becoming a key competitive factor. AI

IMPACT AI applications are expected to differentiate cost-reduction capabilities and expand competitive advantages within the express delivery sector.

RANK_REASON Analyst report providing investment recommendations and market forecasts.

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CITIC Securities sees value in express delivery leaders, forecasts profit growth

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  1. 36氪 (36Kr) TIER_1 中文(ZH) ·

    CITIC Securities: The current valuation of express delivery leaders is extremely attractive, and it is recommended to seize the opportunity to deploy.

    36氪获悉,中信证券研报称,重视2026年第二季度电商快递利润高增催化,季度利润增速有望进一步提升。期待“以更大力度提振消费”等政策端赋能,叠加商流挖掘增量更积极,下半年快递量增或提速,预计全年件量增速维持8%。涨价之外重视降本能力的分化,“反内卷”不改快递公司之间竞争力分化,价差收窄或推动更具竞争力快递龙头获取规模效应。同时AI应用带来件量及降本能力��分化,竞争优势有望不断扩大。外部政策环境或存不确定性背景下,优秀的快递龙头坚持夯实自身网络竞争力打造α的重要性边际提升。目前快递龙头估值极具吸引力,建议择机布局。