T.H. Capital - ZTO Express (Cayman) Inc. Sponsored ADR Class A (ZTO) ZTO: Taking Market Shares With Higher Growth in Parcel Volumes; Positive for 3Q18

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T.H. Capital

Tian Hou

EUR 149.50 For Business Accounts Only

ZTO: Taking Market Shares With Higher Growth in Parcel Volumes; Positive for 3Q18

ZTO will report 3Q18 results on November 14^th after the markets close followed by an 8pm EST conference call. We are positive on ZTO for its 3Q18 as the company continues to gain market shares in China’s express delivery market, which is evidenced by the higher parcel volume growth than the industry.

12/11/2018 6 EN

Underlying

ZTO Express (Cayman) Inc. Sponsored ADR Class A

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US98980A1051 New York Stock Exchange United States

Provider

T.H. Capital

T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.

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Analysts

Tian Hou

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ZTO: Taking Market Shares With Higher Growth in Parcel Volumes; Positive for 3Q18

ZTO: Positive On 1Q24 Performance And 2024 Outlook As e-Commerce Is Coming Back

ZTO: Positive On 4Q23 Performance And 2024 Outlook As China’s Economy Is Coming Out Of Its Bottom

ZTO: Positive On ZTO’s Long Term Position In China’s Logistic Market

TCOM: TCOM’s Potential Better 4Q2024 Performance and Better Long-Term Growth Outlook

BILI: Cautious On Long-Term Outlook Due To Competition And Market Saturation

BIDU: Expect In Line 2Q24 Results; Monetization In AI Is Taking Time To Drive Overall Growth

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