Analyst Pin-board SCS - 8M-2020 Update & Q3-2020 Business Result Estimation: The Recovery Process Is Clearer
We noticed positive signals in the first two months of Q3-2020 when SCS's international cargo volume in July and August diminished by 9.3% YoY compared to a decline of 27% YoY in Q2-2020. In August 2020 exclusively, international cargo volume has returned to the level in 2019, with 13.4 thousand tons of cargo, a slight increase of 0.7% YoY. In the first 8 months of FY2020, SCS has completed 69.2% of the full-year volume plan (completing 67.7% of the international volume plan, 73.9% of the domestic volume plan), which is better than our previous expectations.
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