J&T Global Express Could Have Strong Overseas Business Growth -- Market Talk

Dow Jones12-16

0344 GMT - J&T Global Express's overseas business has strong growth potential, Daiwa analysts write in a note. The company's management team is ambitious about leading in Southeast Asia and new markets although competition has been intense, they say. The brokerage likes the logistics provider due to its strong overseas potential and steady growth in the Chinese market. The company's internal automated equipment penetration is different from its rivals, which would help it grow its overseas business, the analysts say. Daiwa maintains an outperform rating on the stock, with a target price of HK$7.00. Shares are last at HK$6.01. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

December 15, 2024 22:44 ET (03:44 GMT)

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