J&T Global Express Limited, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Wayne Fung from CMB International Securities maintained a Buy rating on the stock and has a HK$13.40 price target.
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Wayne Fung has given his Buy rating due to a combination of factors tied to J&T Global Express Limited’s strategic positioning and growth prospects. He views the newly announced share-swap with SF as a pivotal partnership that allows J&T to tap SF’s infrastructure for first-mile, cross-border transport, warehousing, and parcel lockers, accelerating its expansion in emerging markets and facilitating entry into Europe and the US. In Southeast Asia, Fung expects J&T to broaden its product suite, particularly in time-sensitive services, while in China, he sees room for growth in non-ecommerce deliveries by utilizing SF’s extensive parcel pick-up point network.
Fung also highlights the long five-year lock-up period between J&T and SF as evidence of strong mutual commitment, which he believes should enhance investor confidence. He maintains his SOTP-based target price of HK$13.4, arguing that J&T’s scale advantage and market-share gains in Southeast Asia, combined with promising opportunities in newer markets such as Brazil and the Middle East, support a favorable risk-reward profile. In his view, the additional growth avenues created by the SF collaboration, alongside J&T’s existing regional strengths, justify maintaining a Buy recommendation on the stock.
According to TipRanks, Fung is ranked #1507 out of 11984 analysts.