China Logistics and Purchasing Federation: The e-commerce logistics Index for December 2024 is 112.7 points, a decrease of 2.8 points compared to the previous month.
The overall Logistics Business volume Index of e-commerce has somewhat decreased. In December, the overall Logistics Business volume Index for e-commerce was 130.9 points, a drop of 3.2 points from the previous month.
ZTO Express Reports No Change in Share Capital for December 2024
ZTO Express (Cayman) (NYSE:ZTO) Is Doing The Right Things To Multiply Its Share Price
Research Reports: CITIC Securities gives ZTO Express a Target Price of $25.70 and suggests focusing on its long-term investment value.
China International Capital Corporation stated in a report that the demand in the express delivery industry will maintain high growth in the fourth quarter of 2024. The firm believes that under the new strategy, ZTO Express is expected to return to the path of market share expansion, giving it a Target Price of $25.70. Considering the trends of parcel light-weighting, the development of live e-commerce, and the increase in return rates, it is anticipated that the express delivery industry's volume will continue to maintain double-digit growth through 2025. Looking ahead to 2025, as the company previously stated in the third-quarter earnings meeting that "leading in business volume is the cornerstone of our business," the firm believes that the company will change its conservative strategy on market share competition in 2024 to achieve greater than industry volume growth.
Here's Why You Should Give ZTO Express Stock a Miss Now
Here's Why ZTO Express (Cayman) Inc. (ZTO) Is a Strong Momentum Stock
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