Core Viewpoint - Daiwa reiterated a "Buy" rating for J&T Express, raising the target price from HKD 11 to HKD 12.5 to reflect growth potential in Southeast Asia and new markets [1] Group 1: Growth Potential - J&T Express management anticipates that the parcel volume growth potential in Thailand has five times the upside compared to the current market size [1] - The company is confident that it can surpass the average industry growth rate in Thailand due to several competitive advantages [1] Group 2: Competitive Advantages - Key competitive advantages include the highest density of delivery personnel coverage, a high level of equipment automation, growth in non-e-commerce parcel volumes, strong alignment of employee interests, and a diversified global business layout [1]
大行评级丨大和：上调极兔速递目标价至12.5港元 重申“买入”评级