No Data
ZTO Express (Cayman), Inc. Class A (2057) Receives a Buy From Jefferies
U.S. Stock Market Nuggets | Will the "cryptos czar" appear? MSTR's market cap surpasses the trillion-dollar mark, soaring 650% this year; excellent stocks are having a blast! Home retail giant WSM skyrockets over 27% overnight.
Included in the S&P MidCap 400 Index! Global manufacturing giant Flex Ltd. surged nearly 80% this year, with overnight stock prices hitting a new high.
ZTO Express (Cayman) Third Quarter 2024 Earnings: Beats Expectations
U.S. stock market anomaly | zto express rose nearly 3% pre-market, third-quarter revenue exceeded 10 billion, a year-on-year increase of 17.6%.
格隆汇November 21st | ZTO Express (ZTO.US) pre-market up nearly 3%, at $20.58. In terms of news, ZTO Express achieved third-quarter revenue of 10.675 billion yuan, a year-on-year increase of 17.6%; gross profit was 3.3348 billion yuan, a year-on-year increase of 23.2%; net income was 2.379 billion yuan, a year-on-year increase of 1.3%. During the period, the parcel volume reached 8.723 billion pieces, a year-on-year increase of 15.9%. Bank of America Securities issued research reports, reaffirming a "buy" rating on ZTO Express, pointing out that they believe the recent weakness in the stock price is due to the slowdown in year-on-year growth in courier volume since the fourth quarter of this year.
Major bank rating | Daiwa: Downgrades zto express target price to HKD 195, reiterates "buy" rating.
Daiwa published research reports indicating that ZTO Express has lowered its full-year parcel volume growth guidance for this year, from between 15% to 18% to between 11.6% to 12.3%, believed to be due to the strong growth of low stock price parcels. Daiwa believes that ZTO's market share declined year-on-year in the previous quarter, coupled with abundant capacity. Looking forward to next year, they can focus more on increasing parcel volume and market share, combined with expected cost reductions, forecasting an annual profit growth rate of more than ten percentage points from 2025 to 2026. Daiwa has lowered the listed in Hong Kong target price of ZTO from 210 Hong Kong dollars to 195 Hong Kong dollars, reiterated a "buy" rating, and maintained the full-year profit target of 102.8 for this year.
zto express-W (2057.HK): 3Q profit stable year-on-year, and market share increased quarter-on-quarter.
zto express released 3Q24 performance: 1) Revenue increased by +17.6%/-0.5% to 10.7 billion yuan on a year-on-year basis; 2) Net profit attributable to owners of the parent company increased by +2.2%/-8.3% to 2.4 billion yuan (slightly lower than our forecast
No Data
No Data
