2Q19 Chinese Express: Little to Show for Big Volume Share Gains
Six listed firms control most of inter-city express market As China’s express industry consolidates, ‘weak hands’ have largely exited, and...
525 Views
TRACKING TRAFFIC/Chinese Express & Logistics: Mixed Messages in April
Tracking Traffic/Express & Logistics is the hub for all of our research on China's express delivery and logistics sectors. Tracking...
787 Views
ZTO Express: 1Q19 GAAP EPS Missed on Margins, Retain Sell Rating & US$13.31 Price Target
Despite beating revenue expectations by over 5% and recording a +100 mn RMB YoY increase in net non-operating income, ZTO missed consensus 1Q19...
631 Views
Quick Update on ZTO Express: Results OK, but Guidance Unimpressive
After reviewing 4Q18 results and guidance for 2019, we retain our negative view of ZTO. For 2019 and 2020, we continue to expect slower top-line...
720 Views
Re-Launching Coverage of ZTO Express with Sell Rating and US$13.31 Target Price
ZTO Express (ZTO US)'s earnings will fail to meet the high expectations of sell-side analysts and investors who seeit as a cheap proxy for Chinese...
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