MB-ZTO @EC2608A

CCOE

STARCOIN GROUP

ONEFORCE HLDGS

ROYAL DELUXE

STELUX HOLDINGS

TE HEALTHCARE

ASIAPAC FIN INV

WELIFE TECH

DRINDA

TIMELESS

02057

HSBC Research raised the target price for ZTO Express to RMB 230, maintaining a "Buy" rating. The report pointed out that under policy support, ZTO Express's unit profitability will bottom out in the first half of this year, benefiting from stable average revenue per parcel and the maintenance of market share. The company is expected to see a 16% year-on-year increase in revenue in the fourth quarter to RMB 14.9 billion, with market share expanding to 19.6%. At the same time, the company's earnings forecast for last year was raised by 1%, and the earnings forecasts for this year and next year were each raised by about 4%

AASTOCKS

ZTO Express

ZTO EXPRESS-W

HSBC Research raises ZTO Express target price to 230 yuan, rating "Buy"

ZTO Express (Cayman) Inc. has filed a next day disclosure return with the Hong Kong Stock Exchange regarding the issuance of new WVR ordinary shares. The filing includes details on the total number of new shares issued and the issue price per share.

- ZTO Express (Cayman) Inc. has submitted a disclosure return to the Hong Kong Stock Exchange regarding changes in its issued WVR ordinary shares.  
- The filing includes details on the total number of new shares issued and the issue price per share.  
- The original content was published by ZTO Express via the Issuer Information Service on February 12, 2026.

Reuters

ZTO Express Files Next Day Disclosure Return to HKEX for Issue of (X) New Shares at (HK$X.XX) Each

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The Hang Seng Index closed at 27,266 points, up 83 points or 0.3%; the Hang Seng Tech Index reported 5,499 points, up 48 points or 0.9%. The total market turnover was HKD 217.218 billion. Xiaomi Corporation's stock price rose by 4.3%, while Ping An, Tencent, Alibaba, and others saw declines. TECHTRONIC IND, China Resources Mixc Lifestyle, ZTO EXPRESS, WH Group, and CLP Holdings reached new highs, with active trading

TECHTRONIC IND

BABA-W

Xiaomi Corporation

Hang Seng Index

CSOP HS TECH

FI CSOP HSI

FL2 CSOP HSI

FI2 CSOP HSI

According to the Hong Kong Daily News, the Hang Seng Index closed at 27,266 points, up 83 points; the Hang Seng Tech Index closed at 5,499 points, up 48 points. Xiaomi Corporation rose over 4%, TECHTRONIC IND, China Resources Mixc Lifestyle, ZTO EXPRESS-W, WH Group, and CLP Holdings reached new highs with active trading

ZTO Express (Cayman) Inc. has filed a Next Day Disclosure Return with the Hong Kong Stock Exchange, detailing changes in its issued WVR ordinary shares, including the issuance of new shares. Specifics on the total number of shares and their price were not disclosed. This filing complies with Main Board Rule 13.25A.

ZTO Express Files Next Day Disclosure Return to HKEX After Issuing [Total Number] New Shares at (Price) Each

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STECH

The Hang Seng Index closed at 27,183 points, up 155 points or 0.6%; the Hang Seng TECH Index reported 5,451 points, up 33 points or 0.6%. The total market turnover was HKD 234.04 billion. Among the actively traded blue-chip stocks, CSPC PHARMA rose over 5%, ZTO EXPRESS, WH GROUP, Bank of China (Hong Kong), Wharf Real Estate Investment, and HANG LUNG PPT all reached new highs

China Universal CNI HK Connect Innovative Drugs Industry ETF

Yinhua CSI Interior Real Estate Theme ETF

Fullgoal Hang Seng SCHK Innovative Drug & Healthcare ETF

ChinaAMC CSI All Share Real Estate ETF

Bosera Hang Seng Health Care ETF(QDII)

Hwabao WP Hang Seng SCHK Innovative Drug Select ETF

CSPC PHARMA

Hwabao WP CSI Pharmaceuticals ETF

HANG LUNG PPT

Fullgoal CSI Modern Logistics ETF

WH GROUP

Penghua CSI HK Connect Health Care Composite ETF

GF CSI HK Innovative Drugs Industry ETF(QDII)

Huatai-PB Hang Seng Innovative Drugs Industry ETF(QDII)

Hang Seng TECH Index

HANG LUNG GROUP

According to the "All-Day Express," the Hang Seng Index closed at 27,183 points, up 155 points; the Hang Seng TECH Index closed at 5,451 points, up 33 points. CSPC PHARMA rose over 5%, ZTO EXPRESS-W, WH GROUP, Bank of China (Hong Kong), Wharf Real Estate Investment Company, and HANG LUNG PPT reached new highs with active trading

Macquarie expects ZTO Express's unit economics to continue improving and has significantly raised its target price to $26.6, up 45% from the previous $18.4. The company performed strongly in the last quarter of last year, with a year-on-year business volume increase of 9% and revenue growth between 8% and 19%. It is expected that the total package volume will increase by 8% annually by 2026, and under the backdrop of industry pricing recovery, the average unit price will rise. Macquarie has upgraded its rating to "Outperform."

Macquarie expects ZTO Express to have better unit economics and stable shareholder returns, raising the target price to $26.6

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The Hang Seng Index closed at 26,945 points, up 385 points or 1.5%. The Hang Seng TECH Index reported 5,401 points, up 55 points or 1.0%. The China Enterprises Index rose 111 points or 1.2%. Major stocks such as Ping An, Hong Kong Exchanges and Clearing, Alibaba, and Tencent all saw increases, with Ping An rising 4.1% to HKD 72.45. Stocks like YUM China, Li Ning, Sun Hung Kai Properties, BOC Hong Kong, and ZTO EXPRESS-W reached new highs

YUM CHINA

Alibaba

Hong Kong Exchanges and Clearing (HKEX)

Ping An Insurance

TENCENT

YUM China

BOC HONG KONG

AdvisorShares Restaurant ETF

The Half-Day Express reports that the Hang Seng Index rose by 385 points; the Hang Seng TECH Index increased by 55 points. Ping An rose by over 4%, while YUM China, Li Ning, New World Development, BOC Hong Kong, and ZTO EXPRESS-W reached new highs

The Hang Seng Index closed at 26,559 points, down 325 points or 1.2%. The Hang Seng Tech Index reported 5,346 points, down 59 points or 1.1%. The total market turnover was HKD 247.865 billion. Among the actively traded heavyweights, Alibaba fell 2.9%, Meituan dropped 2.6%, Ping An decreased by 2.2%, and Tencent declined by 2%. AIA fell 5.5%, ZTO EXPRESS, BOC HONG KONG, New World Development, REALORD GROUP, and SANY International reached new highs

REALORD GROUP

MEITUAN

According to the "All-Day Express," the Hang Seng Index fell by 325 points; the Hang Seng Tech Index dropped by 59 points. AIA fell by over 5%. ZTO EXPRESS-W, BOC HONG KONG, Sun Hung Kai Properties, REALORD GROUP, and SANY International hit new highs with active trading

09901

BILI

The NASDAQ Golden Dragon China Index's initial gain expanded to 1.21%. Popular Chinese concept stocks include Nio rising 7.4%, MINISO increasing 5.4%, YUM China up 3.4%, Li Auto up 2.8%, ZTO EXPRESS, Zai Lab, Bilibili, Baidu, and KINGSOFT CLOUD rising over 2%, Alibaba up 0.7%, XPeng down 1.2%, and New Oriental down 2.8%. Among ETFs, KWEB rose 1.14%, CQQQ increased 0.7%, ASHR fell 0.1%, and ASHS decreased 1.3%

Wallstreetcn

NEW ORIENTAL-S

Bilibili

KINGSOFT CLOUD

New Oriental EDU & Tech

ALI HEALTH

NIO-SW

LI AUTO-W

NIO Inc. USD OV

NASDAQ Golden Dragon China Index

Amplify Online Retail ETF

Invesco Golden Dragon China

Global X China Consumer

Yinhua MSCI China A ETF

Roundhill China Dragons ETF

Krne Csi China Internet

iShares MSCI China

Invesco China Tech

Global X E-commerce ETF

The China concept index rose by 1.2%, Nio increased by over 7%, and Li Auto rose by about 3%

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The Hang Seng Index closed at 26,885 points, up 37 points or 0.1%; the Hang Seng TECH Index reported 5,406 points, up 39 points or 0.7%. The total market turnover was HKD 315.112 billion. Among the active blue-chip stocks, YUM CHINA rose over 11% to reach a new high, while others like Sun Hung Kai Properties, ZTO EXPRESS-W, CLP Holdings, and Hang Lung Properties also hit new highs. Overall market performance was positive

ISHARESHSTECH

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

GX HS TECH

ISHARESHSI

The Hong Kong Index closed at 26,885 points, up 37 points; the Hang Seng Technology Index closed at 5,406 points, up 39 points. YUM CHINA rose over 11%. YUM CHINA, Sun Hung Kai Properties, ZTO EXPRESS-W, CLP Holdings, and Hang Lung Properties reached new highs with active trading

The Hang Seng Index closed at 26,506 points, down 340 points or 1.3%; the Hang Seng Tech Index reported 5,304 points, down 62 points or 1.2%. Major stocks such as Tencent, Ping An, and Alibaba all fell, while YUM China, ZTO EXPRESS, Hang Lung Properties, and WHARF REIC reached new highs, rising 9.3%, 2.3%, 0.9%, and 0.4% respectively

Tianhong Hang Seng TECH ETF(QDII)

WHARF REIC

FI2CAMNDQ100

CAM HS TECH

HSTECH ETF

The Half-Day Report: The Hang Seng Index fell by 340 points; the Hang Seng Tech Index dropped by 62 points. YUM China rose by over 9%. YUM China, ZTO EXPRESS-W, Henderson Land, and WHARF REIC reached new highs

FTXR

SUPL

BDRY

SHPP

BOAT

ZTO Express (Cayman), Inc. has priced a US$1.5 billion offering of convertible senior notes due 2031 at 98.9% of par, targeting offshore qualified institutional buyers. This deal includes capped call transactions and aligns with a concurrent share repurchase plan, aimed at enhancing liquidity and limiting dilution. The latest analyst rating for ZTO Express stock (HK:2057) is a Buy, with a price target of HK$180.00. ZTO Express is a Chinese logistics provider specializing in parcel delivery and e-commerce fulfillment, with listings in Hong Kong and New York.

- ZTO Express (Cayman), Inc. has announced a US$1.5 billion offering of convertible senior notes due 2031 at 98.9% of par to enhance liquidity and support ongoing capital allocation.  
- The financing deal includes capped call transactions, which aim to limit dilution and maintain investor confidence amid competitive challenges in the express delivery market.  
- The current analyst rating for ZTO Express stock is a Buy, with a price target of HK$180.00.

Tip Ranks

iShares US Transportation ETF

First Trust NasdaqTransport

SPDR S&P Transp

Proshares Supply Chain Logistics ETF

Breakwave Dry Bulk Shipping

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US Global Sea to Sky Cargo ETF

ZTO Prices US$1.5 Billion Convertible Notes with Capped Calls and Buyback

MB-ZTO @EC2608A(26099.HK)

HSBC Research raises ZTO Express target price to 230 yuan, rating "Buy"

ZTO Express Files Next Day Disclosure Return to HKEX for Issue of (X) New Shares at (HK$X.XX) Each

ZTO Express Files Next Day Disclosure Return to HKEX After Issuing [Total Number] New Shares at (Price) Each