According to a research report published by J.P. Morgan Chase, J.P. Rabbit Express's interim results were positive. Revenue during the period increased 39.5% year over year to US$7.67 billion, adjusted net profit surged 124% year on year to US$351 million, gross margin increased 3.4 percentage points to 13.2%, and operating cash flow increased 50.9% year over year to US$636 million, which will support continued investment in automation and share buybacks. The bank maintained Goku Express's “gain” rating. The target price was raised from HK$13 to HK$14, corresponding to the 2027 non-IFRS forecast price-earnings ratio of about 14 times.

Zhitongcaijing · 3d ago
According to a research report published by J.P. Morgan Chase, J.P. Rabbit Express's interim results were positive. Revenue during the period increased 39.5% year over year to US$7.67 billion, adjusted net profit surged 124% year on year to US$351 million, gross margin increased 3.4 percentage points to 13.2%, and operating cash flow increased 50.9% year over year to US$636 million, which will support continued investment in automation and share buybacks. The bank maintained Goku Express's “gain” rating. The target price was raised from HK$13 to HK$14, corresponding to the 2027 non-IFRS forecast price-earnings ratio of about 14 times.