0701 GMT - J&T Global Express's earnings outlook remains largely intact, says Morningstar's Chelsey Tam in a note. The Hong Kong-listed logistics provider's 2025 adjusted Ebitda exceeded the analyst's estimate. She cites rapid expansion of customers such as TikTok driving stronger-than-expected performance in J&T's new markets, which includes Saudi Arabia, Mexico and Egypt. The new market segment's first-time Ebit profitability validates J&T's operating model in these places, she says. Morningstar maintains its fair-value estimate at HK$14.40, noting that its shares are undervalued as the market underestimates the logistics provider's growth and market share potential in Southeast Asia and its new markets. Shares last closed at HK$10.29. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
April 03, 2026 03:01 ET (07:01 GMT)
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