Key Takeaways:
BofA Securities nudged its price target for J&T Express (1519.HK) to HKD 12.9, citing surging parcel demand from TikTok's e-commerce platform in Southeast Asia.
The bank's research report, published April 9, anticipates a 70 percent year-over-year jump in the company's first-quarter parcel volume in the region.
The new HKD 12.9 price target represents a slight increase from the previous HKD 12.8. BofA Securities maintained its "Buy" rating on the stock and increased its adjusted net profit forecasts for 2026-27 by 8-9 percent.
The upgrade hinges on the explosive growth of TikTok Shop, which has nearly doubled its gross merchandise value across six key Southeast Asian markets, directly benefiting its logistics partners.
The positive revision from a major investment bank highlights J&T Express's strategic position to capitalize on social commerce growth. Investors will be watching for the company's upcoming Q1 2026 operating data to confirm the forecast 70% volume increase.
This article is for informational purposes only and does not constitute investment advice.
