China's ZTO Express rises on solid Q4 results

ZTO Express (Cayman)

20/03/2024 03:14

** Hong Kong-listed shares of ZTO Express (Cayman) Inc
 2057.HK  rise 6.7% to HK$180, their biggest intraday pct gain
since March 4
    ** Stock hits the highest since March 14, and is biggest pct
gainer in Hang Seng Composite Index on industrials  .HSCIIG  
    ** The Chinese express delivery services provider said its
Q4 revenue up 7.6% YoY to 10.6 bln yuan ($1.47 bln), with net
income rising 3.8% YoY to 2.2 bln yuan and gross profit up 12.8%
YoY to 3.1 bln yuan  
    ** Hong Kong index on industrials  .HSCIIG  slips 0.1%,
while Hang Seng Composite Index  .HSCI  and Hang Seng Index
 .HSI  each gain 0.2%
    ** ZTO Express stock up 9.3% YTD  
   ($1 = 7.1991 Chinese yuan)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))