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3 Reasons Growth Investors Will Love ZTO Express Cayman (ZTO)
Zhitong Hong Kong Stock Connect Capital Flow Statistics (T+2) |May 21
According to data from the Zhitong Finance App, on May 16, the Bank of China (03988), Tencent Holdings (00700), and Zhongtong Express-W (02057) ranked in the top three in the market for net inflows of capital inflows to the south, with net inflows of 2,346 billion yuan, 1,135 million, 740 million dollars, Hang Seng China Enterprises (02828), and Meituan-W (03690) ranked in the top three in the market, with net inflows of -1,774 billion yuan, -842 million, and -517 million respectively Aspect, CIMC vehicle (01839),
Maintaining Buy Rating on ZTO Express: Strong Financials and Strategic Focus on Sustainability
Big Bank Rating | Lyon: Raising the target price of Zhongtong Express to HK$223.43, reaffirming the “buy” rating
According to a research report published in Lyon, sales of Zhongtong Express increased 11% year-on-year in the first quarter of fiscal year 2024; adjusted net profit increased 14% year-on-year. It mainly benefits from the company's attention to its high-quality package service and continuous cost reduction strategies. The bank also said that since Zhongtong Express is in the first quarter of this year, priority is being given to improving its service quality and profitability. As a result, the average sales unit price of the company recorded the smallest year-on-year decline, and adjusted net profit per unit continued to improve. The bank believes that the trend of increasing profitability of Zhongtong Express will continue, while the user stickiness of high-quality package services will continue to increase. Also, the Lyon watch
Changes in Hong Kong stocks | Zhongtong Express-W (02057) rose more than 5%, Q1 adjusted net profit increased 15.8%, and institutions are optimistic about their profit-led strategic changes
Zhongtong Express-W (02057) rose more than 5%. As of press release, it had risen 4.76% to HK$195.8, with a turnover of HK$66.0837 million.
Plug Power Rises to Top Industrial Gainer of Week, While IES Holdings Dips