ZTO Express Debut on NYSE: Down -15% Vs IPO Price, But Still Big (Valuation) Shoes to Fill
ZTO debuts on NYSE, and it's not pretty: The American Depositary Shares of ZTO Express (ZTO US) began trading today in New York and closed at...
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Kerry Logistics Network: Undervalued Mid-Cap Play on Rise of Modern Logistics in China, SE Asia
In this note we re-visit a theme introduced in our May note, Global Logistic Properties (GLP:SP) May Provide an Antidote to China’s Congestion...
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Global Port Operators - Reasonable Valuation Supports M&A Activities
Reasonable port valuation supports M&A activitiesNote: Market-weighted EV/EBITDA ticked higher from FY14 level of 14.8x to 15.0xSource:...
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Port Operators 2016 - Sieve Out Value Companies Amid Slowing Trade Growth
Intensifying concerns about China as it registered its slowest growth since 1990 set the tone for a roller-coaster ride in 2016. The largest...
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