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ZTO Express (Cayman) Analyst Ratings
HSBC Downgrades ZTO Express(ZTO.US) to Hold Rating, Cuts Target Price to $20
According to reports, the new stock of China's heavy truck autonomous driving technology startup Wincher Technology plans to go public in the United States within the year.
"Bloomberg" cited reports that Inceptio Technology, a developer of heavy truck autonomous driving technology in China, is researching the possibility of listing in the USA within this year, aiming to raise between 0.1 billion to 0.2 billion USD. According to the company's website, commercial trucks using Inceptio Technology have driven over 0.2 billion kilometers in the mainland as of last year, with clients including SF Express (06936.HK), ZTO EXPRESS-W (02057.HK), and Nestle. Inceptio Technology was founded in 2018, and its investors include Contemporary Amperex Technology, MEITUAN-W (03690.HK), and Sequoia Capital China.
Express News | Han Zheng met with elected Vice President Vance of the USA.
Express News | HSBC has downgraded the rating of ZTO Express (Cayman) Inc. Listed in Hong Kong to Hold, with a Target Price of 156 Hong Kong dollars.
Foreign capital is accelerating its shift to betting on China Assets! Call options on Chinese Stocks ETFs are being snatched up again.
Chris Murphy, Co-Head of Derivative Strategy at Horizon International Group, stated that last Friday investors bought a large number of Call Options for the iShares Core MSCI China Index ETF (FXI). Other Call Options related to Chinese Assets also rose significantly, including the China Overseas Internet Plus-Related ETF (KWEB). ETFs related to Chinese Assets also strengthened.