$ZTO:NYSE - ZTO EXPRESS (CAYMAN)- China Express Delivery Up 100%

ZTO is a leading express delivery company in China and one of the largest express delivery companies globally. It has had a nice steady run up around 100% over the last 12 months. Might be a bit extended at the moment and only a couple of days out from earnings. Could be worth a watch.

ZTO provides express delivery service as well as other value-added logistics services through its extensive and reliable nationwide network in China covering over 96% of China’s cities and counties as of December 31, 2016. ZTO is both a key enabler and a direct beneficiary of China’s fast-growing e-commerce market, and has established itself as one of the largest express delivery service providers for millions of online merchants and consumers transacting on leading Chinese e-commerce platforms, such as Alibaba and JD.com. Globally, ZTO provides delivery services in key overseas markets through its business partners as it expands coverage of international express delivery by collaborating with international industry players. (English site: en.zto.com/about.html)

Commentaire:

Got battered on earnings so no trade. Has regained 20% and posted some new highs before pulling back again with the market. Still watching.