Core Viewpoint - Daiwa's report indicates that J&T Express-W (01519) exceeded expectations in Q4 last year for growth in Southeast Asia and new markets, primarily due to increased online sales penetration and enhanced platform investments [1] Group 1: Company Performance - J&T Express's Q4 package volume growth surpassed expectations, prompting an upward revision of the package volume growth forecast for this year in Southeast Asia and new markets from 25%-30% to 30%-35% [1] - The company is now considered a top pick in the industry, with Daiwa maintaining a "Buy" rating and raising the target price from HKD 12.5 to HKD 14.5 [1] Group 2: Financial Projections - Daiwa has increased its earnings per share forecast for J&T Express for the years 2025 to 2027 by 4% to 37% [1] - The report anticipates a moderation in average price pressure in China [1]
大和：重申极兔速递-W“买入” 评级 上调目标价至14.5港元