1024 GMT - J&T Global Express retains its bull at Citi after posting robust 4Q parcel volume growth in its Southeast Asia and new-markets segments. In particular, the logistics company's Southeast Asian business likely beat market expectations, given increased investments from e-commerce partner TikTok Shop, say Citi analysts in a note. New markets, including Brazil and Mexico, will likely gradually become a driver of profit growth as their parcel volumes rise, the analysts say. However, they note J&T's China parcel volume growth underperformed the industry. Citi raises its 2025-2027 earnings projections by 2%-5%, leading to a higher target price of HK$15.00 versus HK$12.00 previously. Citi retains its buy rating and maintains J&T as its top pick in the Chinese logistics sector. Shares close 2.3% higher at HK$11.85. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
January 08, 2026 05:24 ET (10:24 GMT)
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