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As of press time, stocks such as Kaichun Shares, Leading Shares, Plutong, Cross-Border Access (Rights Protection) and other stocks had daily limit.
In early trading on May 27, cross-border e-commerce concept stocks strengthened. As of press time, stocks such as Kaichun Shares, Leading Shares, Plutong, and Cross-Border Connect were trading at daily limits, while stocks such as Huaguanhai, Saiwei Times, and Chuangchuang Electric followed suit.
In terms of news, recently, the State Council executive meeting reviewed and approved the "Opinions on Expanding Cross-Border E-commerce Exports and Promoting the Construction of Overseas Warehouses." The meeting pointed out that the development of new foreign trade formats such as cross-border e-commerce and overseas warehouses will help promote the optimization of foreign trade structure and stability of scale, and will help create new advantages in international economic cooperation. It is necessary to actively cultivate cross-border e-commerce business entities, encourage local governments to support traditional foreign trade enterprises to develop cross-border e-commerce based on their unique advantages, strengthen the training of cross-border e-commerce talents, provide enterprises with more display docking platforms, and continue to promote brand building.
Xiangcai Securities said that the cross-border e-commerce sector's performance in the first quarter was relatively outstanding, with a large year-on-year increase in net profit deducted from non-parent companies. Combined with export trade demand-side data, sales of apparel products in the United States continued to grow year-on-year in March. It is recommended to continue to pay attention to cross-border e-commerce companies with a high proportion of sales in the United States; in addition, in terms of domestic retail formats, the "618" shopping festival is approaching, and it is recommended to pay attention to sales on various domestic e-commerce platforms in the short term.
Shen Wanhongyuan believes that with the increase in overseas online penetration and the continued efforts of various companies 'products and marketing in 2024, the cross-border e-commerce sector is expected to maintain a high degree of prosperity.