YTO Express Group Co Ltd Class A
600233: XSHG (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.q | LOCK|Zh& | LOCK|#Q$PvK< |
YTO Express Earnings: Strong Revenue Offset by Weaker Margins; Fair Value Estimate Cut by 13%
We cut our fair value estimate for no-moat YTO Express by 13% to CNY 15.95 per share due to weaker-than-expected cost savings in the first three quarters. YTO’s shares are fairly valued in our view.
