ZTO Express Announces Share Repurchase Strategy

TipRanksDec 20 19:30

U.S. stocks moved丨ZTO Express fell more than 2.5% in pre-market trading after being downgraded in target price and earnings forecast by CICC.

Gelonghui, December 20 | ZTO Express (ZTO.US) fell 2.59% pre-market, reaching $19.21. According to reports, CICC released a research report indicating that ZTO Express's revenue in the third quarter was 10.675 billion yuan, an 18% year-on-year increase, gross profit was 3.335 billion yuan, a 23% year-on-year increase, and non-GAAP net profit was 2.387 billion yuan, a 2% year-on-year increase, in line with expectations. Considering potential changes in the competitive landscape next year, the firm lowered its earnings forecast for ZTO Express in 2025 by 9% to 10.791 billion yuan, maintaining an 'outperform industry' rating, and reducing the Target Price by 7% to $25.7. (Gelonghui)

Gelonghui FinanceDec 20 17:18 · Ratings

Express News | ZTO Express established a supply chain management company in Yiwu with a registered capital of 0.25 billion.

BreakingsDec 20 15:26

On December 19, ZTO EXPRESS-W (02057.HK) spent 19.6019 million USD to repurchase 0.983 million shares.

Glory Exchange, December 20 - ZTO EXPRESS-W (02057.HK) announced that on December 19, 2024, it spent 19.6019 million USD to repurchase 0.983 million shares, with a repurchase price of 19.6-20 USD per share.

Gelonghui FinanceDec 20 12:03

Share repurchase collection on December 19 | TENCENT, AIA and others have repurchased shares, among which TENCENT spent 0.703 billion HKD.

According to the documents disclosed by HKEX on December 20, TENCENT (00700.HK), AIA (01299.HK), and others have repurchased shares. ① TENCENT (00700.HK) repurchased 1.72 million ordinary shares on December 19, involving an amount of 0.703 billion HKD, with the repurchase price ranging from 421.8 HKD to 401.4 HKD per share. Since the repurchase authorization resolution, the cumulative number of repurchased securities is 0.221 billion shares, accounting for 2.347% of the number of shares issued when the ordinary resolution was passed. ② AIA (01299.HK)

Futu NewsDec 20 09:00

On December 18, ZTO EXPRESS-W (02057.HK) spent $19.6172 million to repurchase 0.983 million shares.

Glory Exchange reported on December 19 that ZTO EXPRESS-W (02057.HK) announced that on December 18, 2024, it spent 19.6172 million USD to repurchase 0.983 million shares at a price of 19.77-20 USD per share.

Gelonghui FinanceDec 19 12:09