ZTO Express: Still Lack Of Strategic Clarity - Maintain 'Hold'

Core Insights - The article highlights the author's extensive experience in investment banking, focusing on U.S. and Asia markets, with a strong educational background in accounting and finance [1] - The author emphasizes a flexible investment approach influenced by renowned investors, covering various investment styles including growth, GARP, deep value, turnaround, cyclical, and special situations [1] Group 1: Professional Background - The author is a co-founder and portfolio manager of a multi-family office, specializing in U.S. and Asia markets [1] - Holds both bachelor's and master's degrees in accounting and finance from a top U.S. program and is a CFA Charterholder [1] - Previous experience includes working as an analyst at a multi-billion dollar value fund, covering U.S. and Asia equities without market capitalization restrictions [1] Group 2: Investment Approach - The investment strategy is influenced by notable investors such as Warren Buffett, Peter Lynch, and Charlie Munger [1] - The author employs a comprehensive research methodology, utilizing public filings, industry periodicals, conferences, company visits, analyst calls, and management meetings [1] - The investment universe includes a diverse range of strategies, indicating a broad search for value across global markets [1]