BUZZ-ZTO Express HK shares gain on solid results, buyback plan
Reuters03-18
BUZZ-<a href="https://laohu8.com/S/ZTO">ZTO Express</a> HK shares gain on solid results, buyback plan
** HK shares of ZTO Express 2057.HK gain 6.5% to HK$194.7; set for biggest one-day pct gain since August 1, 2025
** Stock hits highest since February 25
** Chinese express delivery group's Q4 net income rises 10.1% y/y; revenue up 12.3% y/y
** FY net income climbs 3.9% y/y, FY revenue up 10.9% y/y
** Board approves new share repurchase programme of up to $1.5 bln over next 24 months through March 2028
** YTD, HK stock up 18.4%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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