An Neng Logistics (09956) rose more than 6% in intraday trading, up 5.4% to HKD 6.64, with a turnover of HKD 58.684 million as of press time.
According to the Wisdom Wealth App, An Neng Logistics (09956) rose more than 6% in intraday trading, up 5.4% to HKD 6.64 with a turnover of HKD 58.684 million as of press time.
On the message front, An Neng Logistics recently announced a share repurchase notice, stating that between January 1, 2024, and June 13, 2024, the company repurchased about 3 million shares, spending about HKD 0.14 billion of idle funds. At the same time, the company plans to further repurchase shares on the market, with a total repurchase amount expected to be no more than HKD 150 million in 2024.
Guohai Securities pointed out that under the background of continuous improvement in timeliness, quality, and service, the company's product competitiveness and service quality continue to improve, which has created the prerequisite conditions for the steady growth of the company's cargo volume and the optimization of cargo structure; under the background of a substantial improvement in service quality, the cargo structure has been further optimized; unit cost has decreased, and expenses have continued to improve, significantly improving profitability. As the domestic franchise-based express leader, the company's strategic adjustment and management improvement have initially emerged in the medium and short term, and long-term benefits are expected to be derived from the growth space brought by the accelerated penetration of less-than-truckload.