Stock Track | J&T Express Shares Plunge on Lackluster Interim Results and Analyst Downgrades

Stock Track08-23

Shares of J&T Global Express Limited (HKG:1519), the Hong Kong-listed logistics company, experienced a sharp decline of 6.82% during intraday trading on August 23, 2024. The sell-off came in the wake of the company's interim results, which fell short of analysts' revenue expectations, and subsequent analyst downgrades.

Despite J&T Global Express reporting a 5.5% year-over-year revenue growth, the figure fell short of analysts' forecasts. While analysts slightly raised their earnings per share estimates for the company, they lowered their price targets, reflecting disappointment with the overall results. The average price target was cut by 13% to HK$9.35 per share, indicating a potential downward revision in the stock's valuation.

Adding to the uncertainty, analysts exhibited a wide range of opinions on J&T Global Express' future prospects, with price targets ranging from HK$7.41 to HK$13.98 per share. This divergence in views suggests that the company's growth trajectory and valuations remain a subject of debate, potentially contributing to the sharp sell-off in the stock.

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The sell-off came in the wake ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01519","symbol_name":"极兔速递-W","start_time":0,"source_url":"","article_id":"1120112937","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1120112937","pubTimestamp":1724403147,"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of J&T Global Express Limited , the Hong Kong-listed logistics company, experienced a sharp decline of 6.82% during intraday trading on August 23, 2024. 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