0620 GMT - J&T Global Express likely has sufficient cash flow to support sustained investment in its infrastructure, say DBS Group Research analysts in a note. The company generated free cash flow of US$494 million in 2025, compared with US$252 million in 2024, the analysts note. The logistics provider's larger planned capital expenditure is likely to enhance its operating efficiency and strengthen global service capabilities, they add. DBS raises its 2026 and 2027 Ebitda projections to US$1.3 billion and US$1.6 billion, respectively. The bank raises its target price to HK$13.50 from HK$12.50 and maintains a buy rating. Shares fall 1.7% to HK$10.90. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
April 13, 2026 02:20 ET (06:20 GMT)
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