Shares of ZTO Express Inc. (NYSE: ZTO) surged over 10% in early trading on Wednesday, following a reaffirmation of the "Buy" rating by DBS analyst Dennis Lam. The analyst's bullish stance on the Chinese express delivery giant highlighted the company's strong financials, strategic market positioning, and promising growth prospects.

Lam attributed his optimism to ZTO's robust revenue growth, disciplined cost control measures, and efficient logistics network. The analyst underscored the company's leadership in the express delivery sector, which positions it to capitalize on the booming e-commerce industry in China.

Additionally, Lam expressed confidence in ZTO's long-term prospects, citing the company's innovative technology solutions and its focus on expanding into new verticals and services. The analyst's positive outlook on ZTO's growth potential and ability to capitalize on emerging opportunities in the rapidly evolving logistics landscape resonated with investors, driving the stock's impressive rally.