Core Viewpoint - The report from Bank of America Securities indicates a slowdown in the growth rate of express package volume in mainland China to 10% year-on-year as of August 24, down from 15% in July, influenced by anti-involution measures and price floor policies in high-volume provinces [1] Group 1: Industry Insights - The slowdown in package volume growth is attributed to the impact of measures targeting lightweight and low-priced packages [1] - The company has slightly lowered its growth forecast for Zhongtong Express's package volume [1] Group 2: Company Financials - After accounting for the impact of a 1.5% repurchase of preferred convertible bonds on share count, the adjusted earnings per share forecast for the fiscal years 2026 to 2027 has been revised down by 3% to an increase of 3% [1] - The target price for the company's stock has been reduced from $22 to $20 [1] - The company is noted to have the best unit net profit in the industry, although there is a lack of consolidation opportunities in the short term [1]
大行评级｜美银：下调中通快递目标价至20美元 维持“中性”评级