Nomura: Maintains a "Buy" rating on J&T EXPRESS-W (01519) with a target price of HK$7.3.

Nomura releases a research report, maintaining a "buy" rating on J&T EXPRESS-W (01519) with a target price of 7.3 Hong Kong dollars. The company's management pointed out that J&T Express is committed to diversifying the sources of parcel volume through its optimized delivery network. During the company's Investor Day, it was mentioned that J&T Express is diversifying the sources of parcel volume in the Chinese express delivery market, continuously expanding and strengthening its network infrastructure in China, with coverage rates reaching 99.55% in urban and county-level areas and 52.3% in rural areas. Additionally, the terminal scale within J&T Express' network has exceeded 32,000, and the group's management believes that this will not only enhance the brand's visibility among terminal consumers but also reduce fulfillment costs by 15%.