---
title: "CITIC International raised the target price of J&T EXPRESS to 14.7 yuan, with last year's performance exceeding expectations"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/281297427.md"
description: "CMB International has raised the target price of J&T EXPRESS-W to HKD 14.7, expecting that the adjusted net profit after tax will grow by 112% year-on-year in 2025, reaching USD 425 million, exceeding market expectations. The bank has raised its earnings forecasts for 2026 and 2027 by 5% and 9% respectively, optimistic about J&T's growth potential in Southeast Asia and new markets, maintaining a \"Buy\" rating"
datetime: "2026-04-01T03:42:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281297427.md)
  - [en](https://longbridge.com/en/news/281297427.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281297427.md)
---

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# CITIC International raised the target price of J&T EXPRESS to 14.7 yuan, with last year's performance exceeding expectations

CMB International published a research report indicating that J&T EXPRESS-W (01519.HK) is expected to achieve an adjusted net profit of USD 425 million in 2025, representing a year-on-year increase of 112%, which is 22% and 16% higher than the bank's and market expectations, respectively. The bank estimates that the adjusted profit for the second half of 2025 will be USD 272 million, reflecting a year-on-year growth of 151%. Notably, the adjusted EBIT from new markets is expected to turn positive within the year. The strong performance has bolstered the bank's confidence in the company's global growth.

The bank has raised its earnings forecasts for 2026 and 2027 by 5% and 9%, respectively, due to increased parcel volumes in Southeast Asia and an overall rise in unit profit margins. The target price has been raised from HKD 13.4 to HKD 14.7, maintaining a "Buy" rating, as the bank remains optimistic about J&T's competitive advantages and market share growth potential in Southeast Asia, as well as the significant potential in new markets such as Brazil and the Middle East

### 相關股票

- [J&T EXPRESS-W (01519.HK)](https://longbridge.com/zh-HK/quote/01519.HK.md)

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