On July 10, J&T Global Express rose 3.22% in regular trading, trading at HK$9.27/share, with turnover of HK$64.60 million.
On the news front, Bank of America Securities raised its target price for J&T Global Express from HK$11.6 to HK$12.2 on July 9, reaffirming its Buy rating, citing strong Q2 operational data. Southeast Asia parcel volume grew 63% year-over-year, while other markets surged 136%, both exceeding market expectations. China parcel volume rose 11%, above the bank's 9% forecast. The bank raised its FY2027-2028 adjusted net profit estimates by 2% due to robust new market growth.
Additionally, J.P. Morgan initiated coverage on July 8 with an Overweight rating and HK$13 target price, noting the company's accelerating growth in new markets and approximately 50% adjusted net profit CAGR from FY2025-2028. The company's Q2 global parcel volume reached 9.18 billion parcels, up 24.2% year-over-year, with daily average volume surpassing 100 million for the first time. An ongoing share buyback program of up to HK$2 billion further supports market confidence.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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