Core Viewpoint - J&T Express-W (01519) reported a 66% year-on-year increase in adjusted net profit for the first half of the year, primarily driven by reduced expenses and financial costs [1] Group 1: Financial Performance - The company's adjusted net profit increased by 66% year-on-year [1] - The target for annual package volume growth is 56% in Southeast Asia and 38% in new markets [1] - The EBIT per package is projected to be $0.07 and $0.09 for Southeast Asia and new markets, respectively [1] Group 2: Market Outlook - The target price for J&T Express has been raised from HKD 10 to HKD 13.4, maintaining a "Buy" rating [1] - The company is viewed positively due to its competitive advantages and market share growth potential in Southeast Asia [1] - There is significant potential for growth in new markets such as Brazil and the Middle East [1]
招银国际：升极兔速递-W目标价至13.4港元 维持“买入”评级