CLSA issued a research report stating that J&T EXPRESS-W (01519) management believes the group's Southeast Asian business should maintain stable unit EBIT of $0.07 per order, and continue to expand market share through economies of scale and rapid growth on non-Shopee platforms. In the Chinese market, J&T EXPRESS-W management aims to maintain a relatively stable market share amid intense market competition. The firm expects that since August, as most provinces have gradually raised prices, this will help alleviate the group's profitability pressure in China. CLSA expressed optimism about J&T EXPRESS-W's overseas expansion and the potential bottoming out and recovery of its Chinese business operations. Therefore, the firm reiterated its "Outperform" rating.