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<Research>Citi Lifts J&T EXPRESS-W (01519.HK) TP to $15 as It Remains Sector Top Pick
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J&T EXPRESS-W (01519.HK) showed strong growth momentum in its overseas business in 4Q25, with performance in Southeast Asia and emerging markets beating expectations, Citi Research issued a research report saying. Of which, Southeast Asia/ China/ emerging markets grew by +73.6%/ -0.4%/ +79.7%, respectively. The main drivers were increased investment from TikTok Shop and further market share gains by J&T EXPRESS-W. In light of the latest operational data, the broker raised its 2025-2027 earnings forecasts for J&T EXPRESS-W by 2%/ 5%,/ 3% each. Based on accelerated overseas momentum, the valuation multiple was increased from the previously forecasted 25x 2026 PE ratio to 30x. Therefore, Citi Research lifted its target price from $12 to $15, with rating at Buy, and maintained the stock's position as its sector top pick. AASTOCKS Financial News Website: www.aastocks.com |
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