0656 GMT - J&T Global Express appears well-positioned in the next growth phase of Southeast Asia's express delivery market, supported by its platform-neutral strategy and cost competitiveness, Daiwa Capital Markets analysts say in a report. This phase is likely to feature intensifying platform competition and market-share consolidation among express carriers, they note. The Hong Kong-listed logistics provider's Southeast Asia parcel volume surged 79% in 3Q, with management citing factors such as rising online sales penetration. Daiwa raises its 2025-2027 EPS forecasts by 7%-11%, upgrades the stock's rating to buy from hold and lifts the target price to HK$11.00 from HK$10.00. Shares are 6.2% higher at HK$10.21. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 15, 2025 02:56 ET (06:56 GMT)
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