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ZTO Express Should Be Able to Consolidate Market Leadership -- Market Talk

Dow Jones03-19 14:35

0635 GMT - ZTO Express should be able to consolidate its market leadership, according to DBS Group Research in a commentary. The Chinese logistics company expects its parcel volume to grow 10%-13% in 2026, thanks to its extensive network, outpacing the industry's estimated 8.0% growth, the analysts say. The company's cost discipline and focus on retail expansion will likely help it face any near-term challenges, they add. ZTO is also increasing its cash dividends and share buybacks, which the analysts say show its confidence in its long-term prospects. DBS retains its buy rating and is reviewing its HK$181.00 target price for ZTO's Hong Kong shares and its US$23.20 target price for its ADRs. Shares fall 0.8% to HK$194.90; ADRs last closed at US$25.51. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

March 19, 2026 02:35 ET (06:35 GMT)

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