华利安：2024年第三季度交通科技行业更新报告（英文版）（39页）.pdf

1、Transportation Technology UpdateSector Coverage Report:Q3 2024IntroductionWe are pleased to issue Houlihan Lokeys Transportation Technology Update,which offers an update on year-to-date trends and our perspectives on the remainder of 2024.Technology stocks experienced significant volatility in Q3,wi

2、th two significant drawdowns and subsequent recoveries.In a reversal from recent quarters,Q3 also saw mid-cap and small-cap stocks outperform the mega-cap companies that had been previously fueling the market.Our Transportation Technology Index benefitted from this trend,leading to its best quarter

3、this year.In September,the Federal Reserve cut interest rates for the first time since 2020,creating some additional uncertainty around the strength of the underlying economy.However,it is also seen as a move that should be favorable for private equity activity.The M&A market has stabilized,and were

4、 beginning to see activity levels increase.Were looking forward to connecting with you to discuss the eight primary transportation sectors we cover:automotive,aviation,maritime,off-road,transit and mobility,rail,supply chain and logistics,and trucking.Best regards,Shane KaiserManaging Director,Head

5、of Transportation TechnologyInside the UpdateYTD 2024 Review and Outlook Page 71M&A and Financing Activity Within Transportation Technology Page 122Public Markets Update Page 273About Houlihan Lokey Page 3242Houlihan Lokeys Transportation Technology PracticeFeatured TransactionsTombstones included h

6、erein represent transactions closed from 2020 forward.*Selected transactions were executed by Houlihan Lokey professionals while at other firms acquired by Houlihan Lokey or by professionals from a Houlihan Lokey joint venture companyTomohiko KubotaExecutive DirectorTokyoTomohiko.KubotaHL.com+81 80