J&T EXPRESS-W (01519) shares climbed more than 3%, extending their remarkable month-to-date advance to 38%. At press time, the stock traded 3.42% higher at HK$9.38, with turnover reaching HK$657 million.

Morgan Stanley issued a research report boosting J&T EXPRESS's adjusted net profit projections by 12%, 24%, and 34% for 2025 through 2027 respectively. This revision stems from Southeast Asia's stronger-than-anticipated second-quarter results and upgraded growth forecasts for subsequent years. The investment bank simultaneously raised its target price from HK$7.1 to HK$9.5 while maintaining an "Equal-weight" rating.

Analysts highlighted that TikTok Shop's adoption of J&T's third-party logistics (3PL) services this year has fueled aggressive market share capture, driving second-quarter operational outperformance. Morgan Stanley estimates J&T's first-half adjusted net profit will hit approximately US$235 million—a dramatic leap from US$63 million during the same period last year—with Southeast Asia's growth trajectory appearing increasingly promising.

Separately, CMB International hiked its target price by 45% from HK$6.9 to HK$10, reaffirming a "Buy" rating. The institution contends that Southeast Asia's market share expansion narrative positions J&T as a distinctive thematic play within Hong Kong's equity landscape.