J&T Global Express Net Loss May Drop Sharply This Year -- Market Talk

Dow Jones03-26

0701 GMT - J&T Global Express may its net loss decline significantly thanks to its economies of scale, Deutsche Bank analyst Jessie Xu writes in a note. The Chinese delivery company reported largely in-line 2023 earnings and management is confident of outgrowing its peers this year a with rising China market share. Deutsche Bank expects China parcel volume growth of 20% and stable unit revenue this year, which means J&T Global Express may see significant unit economics growth between 2024 and 2026. Also, its platform-neutral strategy will help develop new markets. With lessened concerns on pricing competition in China, the brokerage lifts its net profit forecast but lowers its target price to HK$14.00 from HK$16.00 partly due to lower 2025 net profit estimates. Shares were recently at HK$10.98.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

March 26, 2024 03:02 ET (07:02 GMT)

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Deutsche Bank expects China parcel volume growth of 20% and stable unit revenue this year, which means J&amp;T Global Express may see significant unit economics growth between 2024 and 2026. Also, its platform-neutral strategy will help develop new markets. With lessened concerns on pricing competition in China, the brokerage lifts its net profit forecast but lowers its target price to HK$14.00 from HK$16.00 partly due to lower 2025 net profit estimates. 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The Chinese delivery company reported largely ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"BK1151","symbol_name":"航空货运与物流","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2422765518","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422765518","pubTimestamp":1711436520,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0701 GMT - J&T Global Express may its net loss decline significantly thanks to its economies of scale, Deutsche Bank analyst Jessie Xu writes in a note. 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