Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are unde ...

United Parcel Service forecast higher 2026 revenue on Tuesday, as it continues to reduce low-margin deliveries for its biggest customer, Amazon, and shifts toward higher-paying shipments. ...

我市2025年快递业务量实现增速双冠 我市聚焦寄递服务提质扩面核心目标，构建起"县级共配中心＋乡镇服务站＋村级服务点"三级物流服务 体系，筑牢行业发展根基。目前，全市已建成县级寄递共配中心7个，镇级共配中心17个，村级寄递物 流综合服务站1456个，616个乡村寄递物流收发公益性岗位赋能末端，打通了农产品出村、消费品下乡 的双向流通通道。 每日甘肃网1月26日讯 据平凉日报报道 2025年，我市全年快递业务量完成3367.92万件，同比增长 51.76%；快递业务收入完成3.65亿元，同比增长21.26%，两项指标增速均居全省第一。 据了解，在农业领域，我市针对性搭建农特产品寄递绿色通道，全程保障农特产品寄递时效与品质， 2025年累计寄递农特产品474.82万件，带动农产品销售额达4.13亿元；在制造业领域，我市聚焦崇信雨 森公司纸制品外运需求，量身打造"前端零距离对接、运输定制化服务、售后一对一跟进"的专属寄递体 系，累计寄递纸制品593.12万件，日发货峰值突破7.1万件，成功为"崇信制造"搭建起通往全国的高效物 流桥梁。（马亚兰） 责任编辑：樊醒民 ...

Group 1 - United Parcel Service, Inc. (UPS) is recognized in the Dividend Contenders List, indicating its strong dividend performance [1] - Evercore ISI raised its price target for UPS to $113 from $94, maintaining an In Line rating, citing a mixed macro backdrop affecting revenue expectations while emphasizing cost initiatives for EPS growth [2] - UPS's fourth-quarter earnings are anticipated to remain stable, reflecting the company's focus on cost management [2] Group 2 - UPS completed the acquisition of Andlauer Healthcare Group (AHG) for approximately C$2.2 billion (USD $1.6 billion), enhancing its healthcare logistics capabilities [2][3] - The acquisition aims to improve UPS's cold chain network, shorten transit times, and enhance quality assurance for healthcare customers [3] - UPS provides integrated logistics and transportation services across more than 200 countries and territories, highlighting its global operational reach [3]

FedEx shares have rallied into a planned 2026 spin-off of its freight business, prompting at least one analyst to turn cautious. ...

Core Viewpoint - SF Holding announced that by December 2025, the combined revenue from express logistics, supply chain, and international business reached 27.339 billion yuan, representing a year-on-year growth of 3.41% [1] Group 1: Revenue Breakdown - The express logistics business generated revenue of 20.378 billion yuan, with a year-on-year increase of 3.78% [1] - The business volume for express logistics was 1.476 billion packages, showing a year-on-year growth of 9.33% [1] - The average revenue per package was 13.81 yuan, reflecting a year-on-year decrease of 5.09% [1] Group 2: Supply Chain and International Business - Revenue from supply chain and international business amounted to 6.961 billion yuan, marking a year-on-year growth of 2.35% [1] - International freight forwarding revenue was impacted by fluctuations in international trade and a decline in shipping prices, while international express and cross-border e-commerce logistics maintained rapid growth [1]

Summary of Conference Call Notes Industry Overview - **Industry Focus**: Hong Kong/China Transportation and Infrastructure - **2026 Outlook**: More opportunities than risks, with a focus on supply-side opportunities in airlines, tanker shipping, and express delivery, while container shipping faces oversupply concerns [1][2][3] Airlines - **Pricing Trends**: Pricing inflation resumed since October 2025, supported by supply-side constraints and demand recovery from business travel, outbound travel growth, and inbound travel [2][11] - **Demand Drivers**: Business travel recovery positively correlated with capital expenditure, and inbound travel expected to grow, benefiting airlines [2][21] - **Airlines' Up-Cycle**: Chinese airlines are in a multi-year supply-driven up-cycle, with margin upside if pricing performance exceeds expectations [2][11] - **Key Stocks**: Overweight ratings on Air China (0753.HK), China Eastern Airlines (0670.HK), China Southern Airlines (1055.HK), and Spring Airlines (601021.SS) [9][10] Shipping - **Tanker Market**: Increasing demand for compliant tankers due to geopolitical tensions, with limited new supply additions due to low capital expenditure over the past decade [3] - **Container Shipping Risks**: Remains conservative on container shipping due to oversupply concerns [3] - **Key Stocks**: Overweight on COSCO Shipping (1138.HK) and China Merchants Energy Shipping (601872.SS), underweight on COSCO Shipping Holdings (1919.HK) and Orient Overseas (0316.HK) [3] Airports - **Bargaining Power**: Airports are regaining bargaining power through duty-free contract renewals, breaking monopoly dynamics, and increasing shareholdings in duty-free operators [4][54] - **Duty-Free Spending**: Expected upside in duty-free spending with expanded product categories and higher offline sales [4][58] - **Key Stocks**: Equal-weight ratings on Shanghai International Airport (600009.SS), Hainan Meilan Airport (0357.HK), and Guangzhou Baiyun International Airport (600004.SS), underweight on Beijing Capital International Airport (0694.HK) [53] Express Delivery - **Market Consolidation**: ZTO (ZTO.N) and YTO (600233.SS) are consolidating market share, leading to cost-efficiency gains and margin expansion [5] - **International Expansion**: J&T (1519.HK) expected to consolidate market share in overseas markets through e-commerce partnerships [5] Key Risks and Considerations - **Airlines**: Risks include faster-than-expected aircraft delivery, deterioration in travel demand, unfavorable RMB depreciation, and surging oil prices [52][51] - **Airports**: Continued underperformance in duty-free business due to weak consumption and competition from other channels [54][55] Conclusion - The transportation sector in Hong Kong/China is poised for growth in 2026, driven by supply-side opportunities in airlines and shipping, while airports are regaining power in duty-free operations. However, risks remain, particularly in container shipping and overall economic conditions.

Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) Langfang Airport Branch is providing tailored financial services to support the development of express delivery companies, enhancing their operational efficiency and financial stability [1] Group 1: Financial Services - The bank leverages its financial service advantages to create customized financing solutions based on the operational models and cash flow characteristics of express delivery companies [1] - A specialized product called "Express Loan" has been introduced, breaking traditional credit limitations and offering flexible repayment terms tailored to the seasonal cash flow fluctuations of these companies [1] - The approval process has been simplified, allowing for loan disbursement in as little as 7 days by utilizing business data and a dedicated risk control model [1] Group 2: Impact on the Industry - In 2025, the bank is expected to provide over 17.2 million yuan in financing support to six express delivery companies, benefiting various segments including transportation and warehousing [1] - The targeted financial support not only alleviates the funding pressure on companies but also promotes collaborative development and digital transformation across the entire industry cluster [1]

Core Insights - Zhongtong Express Group has officially commenced the construction of its smart operation center in Foshan, Guangdong Province, on January 9 [1] - The project covers an area of 212 acres with a total investment of 5 billion yuan [1] - The first phase of investment amounts to 3 billion yuan, focusing on building four core components: an unmanned logistics equipment assembly center, an industrial warehousing service center, an integrated smart operation settlement center, and a smart express application scenario center [1] - Once fully operational, the project is expected to generate an annual revenue exceeding 3 billion yuan [1]

Summary of ZTO Express 4Q25 Preview Conference Call Company Overview - **Company**: ZTO Express (ZTO.N) - **Industry**: Transportation & Infrastructure - **Market**: Hong Kong/China Key Points Earnings Outlook - The earnings outlook for 4Q25 remains largely unchanged compared to the management discussion post-3Q25 [1] - ZTO is expected to achieve a net profit of approximately Rmb2.7 billion, which is flat year-over-year [3] Market Share Dynamics - ZTO is projected to gain 1 percentage point in market share in 4Q25, recovering from a loss of 0.6 percentage points in 3Q25 and 0.3 percentage points in 1H25 [2] - Industry volume growth is anticipated to slow from 13% in 3Q25 to 5% year-over-year in 4Q25, attributed to decreased low-value parcels and a high base from the previous year [2] - ZTO's market share gains resumed in October 2025, leading to a 1 percentage point year-over-year gain in 4Q25 [2] Profitability Metrics - Unit operating profit is expected to improve by Rmb0.05 quarter-over-quarter to Rmb0.30 in 4Q25, despite a slight increase in unit costs during the peak season [3] - The unit profit is projected to remain stable at Rmb0.26, with higher operating profit offset by lower tax credits [3] 2026 Outlook - The outlook for 2026 indicates continued market share gains for ZTO, with manageable downside risks to unit profit [4] Investment Recommendation - The recommendation for ZTO remains "Overweight" (OW), with sustained market share gains being a key focus for investors [5] - The stock is currently trading at a price-to-earnings (P/E) ratio of 12x for 2026 estimates, with a forward free cash flow yield of 6-8%, which is attractive compared to the peer average of 1% [5] - A reduction in capital expenditures is expected to enhance shareholder returns [5] Valuation and Risks - The valuation methodology includes a discounted cash flow approach with a probability-weighted scenario analysis: 15% bull case, 75% base case, and 10% bear case [12] - Key assumptions include a weighted average cost of capital (WACC) of 13.2% and a terminal growth rate of 3% [13] - Upside risks include faster-than-expected market share gains and better cost control, while downside risks involve intensified competition and potential market share losses [15] Financial Metrics - Current market capitalization is Rmb119.7 billion, with an enterprise value of Rmb108.1 billion [7] - Earnings per share (EPS) estimates for the next fiscal years are Rmb11.76 for 2025 and Rmb12.93 for 2026 [7] Additional Insights - The company is positioned to achieve approximately 10% year-over-year profit growth in 2026 under the base case scenario [10] - The bear case scenario suggests potential challenges in achieving both earnings growth and market share gains [10] This summary encapsulates the critical insights from the ZTO Express conference call, highlighting the company's performance, market dynamics, and investment outlook.