《大行》花旗上调中通快递(ZTO.US)今明两年盈测 目标价升至28美元

阿斯达克财经
Mar 19

花旗发表研报指,中通快递-W(02057.HK) 去年第四季收入胜市场共识预期。每件快递平均收入(ASP)按年上涨3分人民币(下同),而单位核心成本按年降4分,单位其他成本因逆向包裹强劲增长而按年上涨12分,导致单位毛利下降4分。展望2026年,中通管理层预计集团包裹量增长10%至13%,可能跑赢大市,也高于花旗早前预测。花旗预计,集团每件快递平均收入将保持稳定,加上持续的反内卷政策和成本进一步...

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