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2025-12-12 13:04:26
[Daiwa: Raises J&T Express Target Price to HK$12.5, Reiterates "Buy" Rating] Daiwa issued a report reiterating its "Buy" rating on J&T Express, raising its target price from HK$11 to HK$12.5 to reflect its growth potential in Southeast Asia and new markets. J&T Express management expects the growth potential of parcel volume in Thailand to be five times the current market size and is confident that the company can outperform the Thai industry average growth rate thanks to several competitive advantages, including the highest density of delivery personnel, high level of equipment automation, growth in non-e-commerce parcel volume, high alignment of employee interests, and a diversified global business layout.
