The management team believes that this not only enhances the brand's visibility among end consumers but also reduces fulfillment costs by 15%.
According to the Zhitong Finance APP, Nomura has released a research report stating that it maintains a "Buy" rating for J&T EXPRESS-W (01519) and sets its Target Price at HKD 7.30. The company's management pointed out that J&T EXPRESS is committed to diversifying the sources of package volume through its optimized delivery network.
In its corporate briefing, the company stated that it is diversifying the sources of package volume in the China express delivery market, continuously expanding and strengthening its network infrastructure in China, achieving a coverage rate of 99.55% in urban and county-level areas, and 52.3% in rural areas. At the same time, the terminal scale within the J&T EXPRESS network has exceeded 32,000, and the group's management believes that this not only enhances the brand's visibility among end consumers but also reduces fulfillment costs by 15%.
