China Couriers Hike Lunar New Year Prices as Delivery Riders Head Home
China’s major express couriers will charge more for their services over the Lunar New Year period. Express couriers, which mainly serve e-commerce...
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Pakistan Market Outlook 2017
Pakistan market is expected to continue its uptrend in 2017 given tangible gains from China Pakistan Economic Corridor (CPEC) projects and rising...
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ZTO Express (ZTO US) – Good Execution but Rising Concerns on Price Competition
ZTO’s revenue/ net profit in 3Q23 came in at RMB9.08bn/ RMB2.35bn, up 1.5%/21% YoY, on the back of excellent cost control that offset the ASP decline.
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ZTO Express (ZTO US) – 2Q23 Net Profit +41% YoY on Excellent Cost Control
The excellent cost control (unit cost -18% YoY) enabled ZTO to boost the unit gross margin by 22% YoY to RMB0.43/parcel. ZTO maintains the full...
367 Views
ZTO Express (ZTO US) – Best of both worlds
Most importantly, ZTO revises up the full year parcel volume growth target to 20-24% YoY (up from 18-22% in Mar), implying 1.5ppt (YoY) potential...
455 Views