Bank of America Securities Raises J&T EXPRESS-W (01519) Target Price to HK$11.5, Reiterates "Buy" Rating as H1 Results Meet Expectations
Stock News
Sep 01, 2025
Bank of America Securities issued a research report stating that J&T EXPRESS-W (01519) achieved adjusted net profit of $156 million in the first half of the year, representing a 147% year-over-year increase, which broadly aligned with the firm's expectations. Management forecasts that Southeast Asian market parcel volume will grow 55% year-over-year in the second half, while parcel volume growth in new markets is expected to accelerate to 40% year-over-year growth.
The firm reiterated its "Buy" rating. In response to market growth deceleration following anti-involution measures, the firm adjusted its adjusted net profit forecasts for 2025-2027 and raised the target price from HK$10.7 to HK$11.5.
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