J&T Global Express (01519) climbed more than 3% during the session, extending its cumulative monthly advance to 38%. At the latest update, shares traded at HK$9.38 after rising 3.42% with turnover reaching HK$657 million.

Morgan Stanley issued a research note upgrading J&T Global Express's adjusted net profit forecasts for 2025-2027 by 12%, 24%, and 34% respectively. This revision follows stronger-than-expected second-quarter performance in Southeast Asia and upward adjustments to future growth projections. The investment bank consequently lifted its target price from HK$7.1 to HK$9.5 while retaining an "Equal-weight" rating.

Analysts highlighted that J&T Global Express's collaboration with TikTok Shop through third-party logistics (3PL) providers this year has aggressively captured market share, driving the quarterly outperformance. Morgan Stanley projects the courier's first-half adjusted net profit will hit approximately $235 million—a dramatic leap from $63 million during the same period last year—signaling brighter growth prospects across Southeast Asia.

Concurrently, CMB International elevated its target price by 45% from HK$6.9 to HK$10, reaffirming a "Buy" rating. The securities firm views J&T Global Express as a distinctive thematic play in Hong Kong's market, underpinned by its expanding Southeast Asian market share narrative.