HK Stock Market Move | ZTO EXPRESS-W (02057) rose nearly 5% in early trading. The company plans to release its performance on the 19th of this month and is aiming to reclaim market share.

ZTO EXPRESS-W (02057) rose nearly 5% in early trading, rising 5.26% to HK$160.2 as of press time, with a turnover of HK$1.12 billion. In terms of news, ZTO Express will release its fourth quarter and full-year results for 2024 on March 19. In addition, Hang Seng Index Company has announced the quarterly review results, with ZTO Express being included in the Hang Seng H-Share Index ETF index, effective from March 10. Cinda pointed out that based on the performance announcement for the third quarter of 2024 by ZTO Express, the company plans to regain market share, expand its leading position in business volume, and achieve reasonable profitability. With the demand for market share increasing among industry leaders, there may be a return to price competition in 2025. Guosen noted that as ZTO Express has clearly stated its strategy for next year as prioritizing market share over profit performance, there may be fluctuations in industry price competition this year, but the long-term competitive landscape of the industry remains positive.