ZTO Express Expands With Strategic Property Acquisition
8 Industrials Stocks Whale Activity In Today's Session
Returns At ZTO Express (Cayman) (NYSE:ZTO) Are On The Way Up
US MOVERS&SHAKERS Nov 18-Nov 22, 2024
ZTO Express (Cayman), Inc. Class A (2057) Receives a Buy From Jefferies
Major bank rating | Daiwa: Downgraded zto express target price to HKD 195, reaffirmed 'buy' rating.
Daiwa released research reports indicating that ZTO Express has lowered its full-year parcel volume growth guidance for this year from a range of 15% to 18% to a range of 11.6% to 12.3%, believing it is due to the strong growth of low stock price parcels. Daiwa believes that ZTO's market share declined year-on-year in the last quarter, coupled with abundant capacity. Looking ahead to next year, the focus can be more on increasing parcel volume and market share, along with expected cost reductions. It is predicted that the annual profit growth rate from 2025 to 2026 can reach double-digit percentage points. Daiwa has lowered ZTO Express's listed in Hong Kong target price from 210 Hong Kong dollars to 195 Hong Kong dollars, reiterating a 'buy' rating, maintaining the forecast of full-year profit reaching 102.8.
