Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Daiwa Adds J&T EXPRESS-W (01519.HK) TP to $12.5, Rating Buy
Recommend 1 Positive 1 Negative 1 |
||||
|
||||
|
Daiwa published a research report reiterating rating at Buy for J&T EXPRESS-W (01519.HK), and adding its target price from $11 to $12.5 to reflect growth potential in Southeast Asia and new markets. After years of intense competition, the Thai market is moving towards consolidation, and management was optimistic about the prospects of the Thai business, aiming to gain more market share. J&T EXPRESS-W's management expected the growth potential of parcel volume in Thailand to have a fivefold upside compared to the current market size, and was confident that the Company can surpass the average growth rate of the Thai industry through several moat advantages, including the highest density of courier coverage, level of equipment automation, growth in non-e-commerce parcel volume, high alignment of employee interests and global business layout diversification, the report added. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
