Goldman Sachs: Raises ZTO EXPRESS-W (02057) Target Price to HK$203, Adjusts Adjusted Net Profit Forecast Upwards.

13:44 19/03/2026

The company now estimates that the adjusted net profit for the first quarter of 2026 will increase by 11% year-on-year, and has raised its full-year forecast for adjusted net profit growth from 13% to 15%.

Goldman Sachs Group, Inc. released a research report stating that ZTO EXPRESS-W (02057) adjusted net profit in the fourth quarter of 2025 roughly met expectations, with a 9% year-on-year increase in package volume. At the same time, the company has provided an optimistic guidance for package volume in 2026 and increased shareholder return commitments. They maintained a "buy" rating for ZTO Express (Cayman), Inc. Sponsored ADR Class A, with a target price of 203 Hong Kong dollars and 26 US dollars for ZTO Express (Cayman), Inc. Sponsored ADR Class A Hong Kong stock and ZTO Express (Cayman), Inc. Sponsored ADR Class A (ZTO.US) US stock respectively. The bank now estimates an 11% year-on-year increase in adjusted net profit for the first quarter of 2026, and has raised its full-year adjusted net profit growth forecast from 13% to 15%. Additionally, they have raised revenue and adjusted net profit forecasts for 2026 to 2027 by approximately 3%.

Shanxi: Continuous Improvement of Multi-level Payment System for Innovative Drugs, Continued Enhancement of Competitiveness in Global Market for Domestic Products

Hong Kong digital marketing service provider Baoshi Technology (POCH.US) submitted an IPO application to the United States, aiming to raise $17 million.

HK Stock Market Move | UNITED LAB (03933) drops more than 6% again. It is expected that the annual net profit will decrease by nearly 25% to 2 billion yuan.

Shanxi: Continuous Improvement of Multi-level Payment System for Innovative Drugs, Continued Enhancement of Competitiveness in Global Market for Domestic Products

Hong Kong digital marketing service provider Baoshi Technology (POCH.US) submitted an IPO application to the United States, aiming to raise $17 million.

HK Stock Market Move | UNITED LAB (03933) drops more than 6% again. It is expected that the annual net profit will decrease by nearly 25% to 2 billion yuan.