5 Most Promising Chinese Stocks According to Analysts

2. ZTO Express (Cayman) Inc. (NYSE:ZTO)

Number of Hedge Fund Holders: 21

Average Analyst Price Target: $33.83

Average Upside Potential: 110.39%

Next on the list of the most promising Chinese stocks is ZTO Express (Cayman) Inc. (NYSE:ZTO), which provides express delivery and additional logistics services. They offer freight forwarding and delivery services for both e-commerce and traditional businesses, as well as other users requiring express services. Established in 2002, the company is based in Shanghai, China. On November 16, ZTO Express (Cayman) Inc. (NYSE:ZTO) announced a Q3 Non-GAAP EPS of $0.39, exceeding estimates by $0.01. Its revenue came in at $1.24 billion, missing market consensus by $120 million. As per Wall Street analysts, ZTO is one of the most promising Chinese stocks. 

According to Insider Monkey’s third quarter database, 21 hedge funds were bullish on ZTO Express (Cayman) Inc. (NYSE:ZTO), down from 25 funds in the preceding quarter. Kerr Neilson’s Platinum Asset Management held the largest position in the company, with over 14.3 million shares valued at $345.99 million.

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