In today’s briefing:
- Monthly Chinese Express Tracker | Mainstream ASPs Down 10% in June | J&T IPO Impact? | (July 2023)
- Grab Holdings (GRAB IJ) – Winning with Trans-Cab and Deposits in Singapore
- CLIMATETECH & SUSTAINABLE INVESTING – Greenland Technologies Holding Corp.
- American Airlines Group Inc.: New Flight Additions To Cater To Rising Demand! – Key Drivers
- CSX Corporation: Major Factors Responsible For The Good Results! – Financial Forecasts
Monthly Chinese Express Tracker | Mainstream ASPs Down 10% in June | J&T IPO Impact? | (July 2023)
- In June, mainstream parcel pricing declined by over 10% Y/Y, but SF Holding saw ASPs rise
- We believe J&T Global Express’ planned IPO could negatively impact the industry in H2
- Pricing pressure has increased, in our view, and we expect margins to decline in H2 23
Grab Holdings (GRAB IJ) – Winning with Trans-Cab and Deposits in Singapore
- Grab recently announced the acquisition of Trans-cab in Singapore, the 3rd largest taxi operator there. This will help to solve driver shortage issues and improve cost efficiencies.
- Taxis pay the lowest COE prices plus Grab can improve the productivity of taxi drivers through access to the Grab app. Trans-cab gives Grab access to street hailing.
- Grab‘s Singapore digital bank recently raised new capital but has also seen its deposit cap lifted significantly, which is helping to significantly boost deposit growth.
CLIMATETECH & SUSTAINABLE INVESTING – Greenland Technologies Holding Corp.
Greenland Technologies President and CEO Raymond Wang joined WTR’s Tim Regan and Graham Mattison for a discussion of the company’s transmission business and its evolution to selling all-electric powered industrial equipment in the US through its HEVI division.
Here are a number of highlights from our podcast episode.
All-electric HEVI front loaders and excavators match a comparable diesel’s performance.
American Airlines Group Inc.: New Flight Additions To Cater To Rising Demand! – Key Drivers
- American Airlines Group managed to surpass the revenue expectations as well as the earnings expectations of analysts.
- While overseas unit revenue increased, domestic unit revenue decreased.
- In the first half of the year, American Airlines received 13 deliveries, and by the end of the year, it anticipates receiving 10 more planes.
CSX Corporation: Major Factors Responsible For The Good Results! – Financial Forecasts
- CSX Corporation’s performance in the second quarter was largely disappointing with revenues below par and earnings in line with expectations.
- The only silver lining was the successful performance of its merchandise sector.
- In the second quarter, CSX moved more than 1.5 million carloads, driven by a 3% volume increase in merchandise and a 4% volume increase in coal.
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