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ZTO EXPRESS-W Shrs Narrow Late-session Loss; CLSA: Mkt Share Recovery on Track; Outperform Rating Kept
Recommend 6 Positive 9 Negative 10 |
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ZTO EXPRESS-W (02057.HK) once tumbled 7.6% to a trough of HKD166.4 today (20th), before paring losses to close down 3.28% at HKD174.1, with 6.5752 million shares traded, involving HKD1.127 billion. In 1Q, ZTO EXPRESS-W recorded revenue of RMB13.282 billion, up 22% YoY. Net profit grew 6.3% YoY to RMB2.118 billion. Adjusted net profit added 5.2% YoY to RMB2.377 billion. In a research report, CLSA noted that ZTO EXPRESS-W's 1Q results were undermined by reduced government subsidies and tax rebates, but expected the company to maintain market share gains and stable unit profitability in the coming quarters. The broker maintained its Outperform rating on ZTO EXPRESS-W with a TP of HKD216. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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