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CMBI issued a research report keeping rating at Buy on ZTO EXPRESS-W (02057.HK) as its 3Q24 EBIT rose 17% YoY to RMB2.8 billion, in line with expectations. Quarterly reported net profit grew only 1% YoY to RMB2.46 billion, which is believed to be due to one-off tax refunds in 3Q23.Amidst price competition in the industry, manage...
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ZTO EXPRESS-W (02057.HK)'s 3Q24 parcel volume grew by only 16% YoY, continuing to underperform the overall market growth rate of 20%, and missing expectations, CLSA released a research report saying.While remaining optimistic that the Company will maintain a stable unit profit in 4Q24, CLSA lowered its 2024-2026 EPS forecast...
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The HSI added 41 points or 0.2% to close at 19,705. The HSCEI inched up 6 points or 0.1% to close at 7,090. The HSTECH picked up 18 points or 0.4% to close at 4,413. The total market turnover for the day amounted to $114.671 billion.BABA-W (09988.HK) issued US$2.65 billion and RMB17 billion senior unsecured notes for debt repaym...
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ZTO EXPRESS-W(02057.HK) announced its results for the third quarter ended September 2024, with a turnover of RMB10.675 billion, up 17.6% YoY. Net profit amounted to RMB2.396 billion, up 2.2% YoY, with an EPS of RMB2.98.During the quarter, parcel volume was 8.723 billion, up 15.9% YoY. Revenue from the core express delivery busin...
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Hong Kong unicorn and delivery platform, Lalamove, announced the upcoming commencement of business in Istanbul, Turkey, and extension into the Europe, Middle East and Africa (EMEA) region. Together with the newly opened Turkish business, Lalamove has now expanded to a total of 13 markets in Asia, Latin America and the EMEA regio...
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