China Merchants Securities released a research report saying that valuations are low, and attention is being paid to price catalysis during peak season. The anti-domestic policy trend continues, overall competition in the industry is manageable, and profits are expected to continue to grow at a high rate. Currently, the industry's valuation cost performance ratio and medium- to long-term allocation value are still high. Short-term suggestions are to focus on price catalysis in core grain-producing regions during the peak season. Recommended targets: Zhongtong Express-W, Yuantong Express, Shentong Express, SF Holdings.

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