智通财经APP讯，中通快递-W(02057)发布公告，于2026年2月23日该公司斥资1552万美元回购61.66万 股，回购价格为每股24.97-25.42美元。 ...

格隆汇2月24日丨中通快递-W(02057.HK)发布公告，2026年2月23日耗资1552.00万美元回购61.66万股， 回购价格每股24.97-25.42美元。 ...

翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) FF305 表格類別： 股票 狀態： 新提交 公司名稱： 中通快遞（開曼）有限公司（於開曼群島註冊成立以不同投票權控制的有限責任公司 呈交日期： 2026年2月24日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02057 | 說明 | A類普通股 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 ...

Core Insights - The logistics industry in China is rapidly evolving with the integration of advanced technologies such as drones and autonomous vehicles, significantly enhancing delivery efficiency and reducing operational costs [2][3][8] - The express delivery volume is projected to reach 198.95 billion packages by 2025, reflecting a year-on-year growth of 13.6%, driven by increased consumer demand and technological advancements [1][5] - Companies are increasingly adopting smart logistics solutions, including automated sorting and delivery systems, to optimize their operations and meet the growing market demands [4][6][9] Group 1: Industry Trends - The integration of "low-altitude" logistics solutions, such as drones and autonomous vehicles, is becoming a standard practice in urban areas to bypass ground traffic and improve delivery times [2][4] - The use of autonomous delivery vehicles has shown to reduce transportation costs by approximately 50%, with significant time savings in the delivery process [7][8] - The logistics sector is transitioning from a focus on scale expansion to quality improvement, emphasizing the need for intelligent, standardized, and green logistics solutions [8][9] Group 2: Technological Advancements - Companies are investing in smart warehousing systems that utilize automation and data analytics to enhance inventory management and operational efficiency [6] - The deployment of autonomous delivery vehicles is expanding rapidly, with over 3,500 units operating in more than 260 cities, delivering over 8.7 million packages daily [7][8] - The collaboration between logistics companies and technology providers is fostering the development of new delivery models and enhancing service capabilities across various sectors [8][9]

Core Insights - The logistics industry in China is rapidly adopting advanced technologies such as drones and autonomous vehicles to enhance delivery efficiency and meet increasing demand during peak seasons [2][3][7] - By 2025, the total volume of express deliveries in China is projected to reach 198.95 billion packages, reflecting a year-on-year growth of 13.6% [1] - Companies are investing in smart logistics solutions, integrating AI, IoT, and big data to optimize operations and reduce costs [4][6] Group 1: Technological Advancements - The introduction of drones and autonomous vehicles has significantly reduced delivery times, with drone deliveries compressing traditional delivery times from half a day to just 30 minutes [2] - Companies like JD Logistics are implementing automated sorting systems that can process orders in as little as 15 minutes, showcasing the integration of technology in logistics [5] - The use of autonomous vehicles has led to a 50% reduction in transportation costs per package, with companies like Zhongtong Express operating over 3,500 autonomous delivery vehicles [7][8] Group 2: Industry Growth and Demand - The express delivery sector is experiencing a surge in demand, particularly during the New Year holiday season, necessitating the use of autonomous vehicles to maintain operational efficiency [7] - The logistics industry is transitioning from a focus on scale expansion to quality improvement, with a growing emphasis on intelligent, standardized, and green logistics solutions [8][9] - The total number of express deliveries is expected to reach 1.8 billion packages in 2025, indicating a robust growth trajectory for the industry [5] Group 3: Strategic Collaborations and Innovations - Companies are forming strategic partnerships to explore new delivery models, such as the collaboration between Zhongtong Express and New Stone Technology to enhance logistics operations [8] - The integration of smart logistics technologies is seen as a crucial step for companies to overcome operational challenges and improve profitability [8][9] - The development of a comprehensive, all-scenario delivery service network is underway, aiming to facilitate efficient resource flow across regions [9]

Core Viewpoint - Investors in the Transportation - Services sector should consider ZTO Express (Cayman) Inc. and RXO, with ZTO currently presenting a better value opportunity based on various financial metrics and rankings [1]. Valuation Metrics - ZTO Express has a forward P/E ratio of 14.13, significantly lower than RXO's forward P/E of 297.54, indicating ZTO may be undervalued [5]. - The PEG ratio for ZTO is 4.56, while RXO's PEG ratio is 8.47, suggesting ZTO has a more favorable earnings growth outlook relative to its price [5]. - ZTO's P/B ratio stands at 1.65, compared to RXO's P/B of 1.68, further supporting ZTO's valuation as more attractive [6]. Zacks Rank and Style Scores - ZTO Express holds a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while RXO has a Zacks Rank of 5 (Strong Sell), suggesting a negative earnings outlook [3]. - ZTO has earned a Value grade of B, whereas RXO has received a Value grade of F, highlighting ZTO's stronger position in terms of value investing metrics [6].

智通财经APP讯，中通快递-W(02057)发布公告，于2026年2月20日斥资1546.78万美元回购61.13万股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中通快遞（開曼）有限公司（於開曼群島註冊成立以不同投票權控制的有限責任公司 呈交日期： 2026年2月23日 | 1). | 購回股份但沒有註銷 | 18,254,400 | % | HKD | 179.1 | | --- | --- | --- | --- | --- | --- | | | 於2026年2月4日就發售可換股優先票據進行同步股份購回 | | | | | | | 變動日期 2026年2月4日 | | | | | | 2). | 購回股份但沒有註銷 | 611,965 | % | USD | 24.53 | | | 於美國時間2026年2月10日購回611,965股美國存託股份(代表611,965股 | | | | | | | A類普通股) | | | | | | | 變動日期 2026年2月10日 | | | | | | 3). | 購回股份但沒有註銷 | 612,365 | % | USD | 24.91 | | | 於美國時間2026年2 ...

Core Viewpoint - ZTO Express is highlighted as one of the best emerging market stocks to buy, with an upgrade from Macquarie analyst Ellie Jiang, who raised the price target significantly from $18.40 to $26.60 [1][3]. Company Performance - The company reported a preliminary fourth-quarter volume growth of 9%, surpassing the industry average of 5% [3]. - Revenue growth is projected between 8% to 19%, with a gross profit margin expected to range from 23% to 28% [3]. - Total parcel volume growth is anticipated to be 8%, exceeding the industry's forecast of 7% [4]. Market Position - ZTO Express is recognized as a leading Chinese express delivery company, serving as a major, high-volume, low-cost logistics provider for e-commerce, delivering billions of parcels annually through a nationwide network [6]. Financial Strategy - On February 4, ZTO Express announced the pricing of $1.5 billion in convertible senior notes due 2031, with plans to use up to $1 billion for share repurchases of Class A ordinary shares and the remaining $500 million for concurrent share repurchases and general corporate purposes [5].

Core Viewpoint - Emerging market stocks are experiencing a significant rally, driven by optimism surrounding artificial intelligence and increased investment in developing economies [1][2]. Group 1: Market Performance - The iShares MSCI Emerging Markets ETF has risen over 10% year to date, outperforming the S&P 500, which remains flat [2]. - Emerging market stocks rallied approximately 30% in dollar terms in 2025, with strong performance noted in Asian markets such as Taiwan and South Korea due to high demand for AI-related hardware [2][3]. - Goldman Sachs projects the MSCI Emerging Markets index to return nearly 30% in 2026, supported by strong earnings, a weakening US dollar, and favorable macroeconomic trends [3]. Group 2: Future Expectations - Analysts expect some of the favorable conditions from 2025 to continue into 2026, leading to good returns in emerging markets [4]. - The resilience of Chinese exports and the economic benefits from falling commodity prices are anticipated to support the ongoing rally [3]. Group 3: Stock Selection Methodology - The selection of the 10 best emerging market stocks was based on the iShares MSCI Emerging Markets ETF and Yahoo Finance stock screeners, focusing on companies with positive upside potential as of February 17 [6]. - Stocks were ranked according to the number of hedge fund holders, as research indicates that imitating top hedge fund picks can lead to market outperformance [7]. Group 4: Featured Stocks - ZTO Express (NYSE:ZTO) has an upside potential of 6.65% and is supported by a recent upgrade from Macquarie, citing preliminary fourth-quarter volume growth of 9% [9][10]. - Credicorp Ltd. (NYSE:BAP) shows an upside potential of 6.88%, with a fourth-quarter net profit of $468.8 million and a focus on loan growth driven by strong retail momentum [14][16].