Yamato: Reiterates Goku Express - W (01519) “Buy” rating to raise the target price to HK$14.5

The Zhitong Finance App learned that Yamato released a research report saying that the growth of Jitu Express - W (01519) in the fourth quarter of last year in Southeast Asia and new markets exceeded expectations, mainly due to increased online sales penetration and increased platform investment. The bank reaffirmed its “buy” rating. The target price was raised from HK$12.5 to HK$14.5, and its earnings forecast per share for 2025 to 2027 was raised by 4% to 37%, making it the industry's preferred stock.

The bank believes that since the increase in package volume in the fourth quarter of last year exceeded expectations, the forecast for Jitu's package volume growth in Southeast Asia and new markets this year was raised from 25% to 30% to 30% to 35%. At the same time, it is expected that China's average price pressure will ease somewhat.