Core Viewpoint - Daiwa has reiterated a "Buy" rating for J&T Express-W (01519), raising the target price from HKD 11 to HKD 12.5 to reflect growth potential in Southeast Asia and new markets [1] Group 1: Market Potential - The Thai market is experiencing consolidation after years of intense competition, and management is optimistic about the business outlook in Thailand, aiming to increase market share [1] - Management anticipates that the growth potential for parcel volume in Thailand has five times the upside compared to the current market size [1] Group 2: Competitive Advantages - The company believes it can surpass the average industry growth rate in Thailand due to several competitive advantages, including the highest density of delivery personnel coverage, degree of equipment automation, growth in non-e-commerce parcel volume, high alignment of employee interests, and a diversified global business layout [1]
大和：升极兔速递-W目标价至12.5港元 评级“买入”