Despite +48% Volume Growth, ZTO's Margins & Operating Cash Flow Fell Sharply in Q2
Despite another quarter of strong parcel volume growth (+48% YoY in Q2), ZTO Express (ZTO US) showed it could not convert more parcels into...
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TRACKING TRAFFIC/Chinese Express: Volumes Up | Pricing Craters | STO Pre-Announces Weak Q2
Chinese express parcel volume growth was strong in June, rising by 36.8% YoY. As has been the case in recent months, growth in mainstream...
263 Views
TRACKING TRAFFIC/Chinese Express: May Volume Strong | Pricing Anemic | Value Capture Shrinking
May parcel volume was strong, with overall volume increasing 41.1% YoY. Inter-city shipments -- which account for the majority of shipments --...
325 Views
Short YTO Express: Sharp Recovery in Volume Masks Effects of Intensifying Price War
After getting hit by Covid-19 in February and early March, Chinese express company YTO Express (600233 CH) has roared back to life, hitting a...
302 Views
Dada Nexus Announces US$15-17 Per ADS Range, Our Sum-Of-Parts Approach Yields US$14.60 Target
On Monday in the US Dada Nexus (DADA US) issued an updated prospectus that features a price range of US$15 to US$17 per ADS. Assuming US$16 per ADS...
355 Views