Glonghui, June 27 | Following yesterday's intraday rise of more than 5% to a 10-month high, Eneng Logistics (9956.HK) continued to buck the trend today, rising 1.31% to HK$6.98 at the beginning of the session. The recent trend of Eneng Logistics is clearly better than the general market and the Hong Kong stock road and rail transport sector. Since the stock began rising on June 20, it has accumulated the biggest increase of about 15%. According to Aneng Logistics's quarterly report, in January-March, the company achieved operating income of 2.378 billion yuan, an increase of 15.2% year on year; total LTL freight volume reached 2.88 million tons, up 21.7% year on year; gross margin reached 16.1%; and adjusted net profit of 0.209 billion yuan, surged 173.9% year on year. Eneng Logistics recently issued a share repurchase announcement, disclosing that as of June 13 this year, the company has repurchased about 3 million shares since this year, spending a total of about HK$14 million in idle capital. At the same time, the announcement also revealed that the company plans to further repurchase market shares, and the total repurchase amount for 2024 is expected to be no more than HK$0.15 billion. Guohai Securities pointed out in a recent research report that since 2023, the competitiveness of Eneng Logistics products has continued to improve. Optimization in terms of timeliness, quality, and service has led to steady growth in volume. At the same time, profitability has also continued to improve, and performance is expected to continue to be released. According to the research report, as a leading domestic franchise express enterprise, the company has initially shown results in strategic adjustments and management improvements in the medium to short term. In the medium to long term, it is expected to benefit from the growth space brought about by the accelerated penetration of LTL and maintain a “buy” rating.