ZTO will report 4Q23 results on March 19th after the market closes followed by a 7:30pm ET conference call. We are positive about its 4Q23 performance. While ZTO’s business is highly correlated with China's e-commerce business, which ZTO always outpaces, the company is also maintaining its high market share. We are also positive about ZTO’s long-term position as there has been new e-commerce players in China’s market, which presents increasing demand for logistics services. In addition, 2023 is ...
ZTO will report 3Q23 results on November 16th after the market closes followed by a 7:30pm ET conference call. We are neutral on its 3Q23 performance as ZTO’s performance is highly correlated with China e-commerce business, which is still in a weak growth phase. However, we are positive on ZTO’s long term position as China’s e-commerce business is adding more major players such as ByteDance, Kuaishou, and XiaoHongShu. All the new players need logistics services, and ZTO is one of the best choice...
August 15, 2023 ZTO will report 2Q23 results on August 29th after the markets close followed by an 8:30pm ET conference call. The long-awaited economic stimulus policies have started to come out since late July 2023. Recently, China’s central government issued a series of intensive economic stimulus programs to boost confidence and restore economic growth. The programs not only include stimulating capital market, housing market, but also consumer and retail, and many more. Am...
A director at ZTO Express (Cayman) Inc sold 16,569 shares at 26.270USD and the significance rating of the trade was 81/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...
March 10, 2023 ZTO will report 4Q22 results on March 15th after the markets close followed by an 8:30pm ET conference call. We are positive on ZTO’s 2023 outlook. We believe ZTO, among all the big logistics vendors in China, has the best operational efficiency. With its past investment, its capabilities of providing diversified and better priced services are unmatched by its peers. As such, ZTO is a market leader as well as a market consolidator, in our view. The Chinese gove...
March 8, 2022 ZTO will report 4Q21 results on March 16th after the markets close followed by an 8:30pm EST conference call. We are positive on ZTO in both the short term and long term. In the near term, the price war has been alleviated by regulations since 2H2021. Going forward, the competition will be on the efficiency of operation as well as logistic capabilities. We believe ZTO, among all big logistics vendors in China, has the best operational efficiency. With its past i...
ZTO EXPR.(CAYMAN) INCO. (US), a company active in the Transportation Services industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 2 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date January 7, 2022, the closing price was USD 28.13...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
ZTO will report 1Q21 results on May 19th after the markets close followed by an 8pm EST conference call. The express sector in China continues to experience intensified price competition. We believe ZTO will be one of the last standing winners in China’s logistics and express market since it has a higher margin profile and richer capital than others. Based on our data and model, we believe ZTO revenue is likely to be better than consensus at RMB 6,123M (56% Y/Y growth).
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
ZTO will report 4Q20 results on March 17th after the markets close followed by an 8pm EST conference call. The express sector in China is undergoing intensified price competition. Several top vendors are all public listed companies with enough capital on their balance sheets. The competition is on the unit price. It is hard to project when the competition will end. However, we believe ZTO will be one of the last standing winners since it has a higher margin profile and richer capital than others...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
ZTO will report 3Q20 results on November 18th after the markets close followed by an 8pm EST conference call. The express sector in China is undergoing an intensified price competition. Several top vendors are all public listed companies with enough capital on their balance sheets. It is hard to project when the competition will end. However, we believe ZTO will be one of the last standing winners since it has higher margin profit and richer capital than others. Based on our data and model, ZTO ...
ZTO will report 2Q20 results on August 12th after the markets close followed by a 9pm EST conference call. Based on our data and model, we believe ZTO parcel volume is likely to grow 48.0% Y/Y in 2Q20E. However, as the price competition has intensified in China’s express area, we believe its revenue is likely to grow at a lower rate and in line with consensus at RMB 6,295M (16.1% Y/Y growth).
Healthy Sector Rotations Continue Note: We have resumed production of the Russell 1000 & 2000 grids, which you can find at the end of the attached Compass PDF. The rotation out of stay-at-home/COVID-19 beneficiary stocks and into reopening/economically sensitive stocks that we highlighted last week has continued, leading us to make several upgrades and one downgrade (see first bullet below). This broadening-out of participation and several other bullish developments highlighted below tells us th...
Encouraging Signs, But Not Out Of The Woods Positive news flow surrounding COVID-19 is encouraging on many fronts, and we welcome headlines such as peaking infections/deaths in Italy & Spain, certain European governments making plans to ease lockdowns, and that US death projections were likely overestimated. Despite encouraging news and the S&P 500 (SPX) hitting multi-week highs, market signals continue to suggest that this is a fairly standard bear market rally, making us believe the broad equ...
Initial Low Established Several equity indexes and indicators we watch are telling us an initial primary low has been established for global equities (ACWI-US). At the same time, after this type of major waterfall decline there is often a test of this initial low - and oftentimes we get an undercut of the initial low. Barring approval of a first-line therapy for COVID-19 we are of the belief that we will get an eventual test of this initial low and potentially an undercut. Below we provide upda...
The Only Thing We Have To Fear Is Fear Itself This powerful quote from FDR can be applied to many facets of life. When it comes to the market, fear can lead investors to buy when it is time to sell, sell when it is time to buy, or freeze up altogether. Step one in conquering this issue starts with preparation and a gameplan. In our report from last Thursday (3/12) titled “Searching For A Bottom†we laid out our gameplan and what we need to see before having confidence that equity markets ar...
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