CLSA: SF HOLDING and J&T EXPRESS-W Partnership Boosts Competitiveness; J&T EXPRESS-W Target Price Increased to $13.6, Named Top Pick in Sector | Intellectia.AI
CLSA: SF HOLDING and J&T EXPRESS-W Partnership Boosts Competitiveness; J&T EXPRESS-W Target Price Increased to $13.6, Named Top Pick in Sector
Written by Emily J. Thompson, Senior Investment Analyst
Cross-Subscription Announcement: SF Holding and J&T Express have announced a cross-subscription of newly issued shares valued at HKD8.299 billion, indicating strong collaboration and confidence from both management teams to enhance competitiveness.
Market Positioning: SF Holding's robust logistics infrastructure complements J&T Express's established last-mile delivery network, making it difficult for other domestic operators with overlapping resources to replicate their strategy.
Analyst Ratings: Citi has raised J&T Express's target price to HKD13.6 and increased profit forecasts for 2025-27, while trimming SF Holding's profit forecasts and reducing its A-share target price to RMB44.1.
Stock Performance: As of the latest data, SF Holding's stock decreased by 0.552%, while J&T Express's stock fell by 3.128%, with notable short selling activity reported for both companies.
Wall Street analysts forecast 01519 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01519 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 01519 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01519 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 11.320
Low
Averages
High
Current: 11.320
Low
Averages
High
Citi Research
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to
Buy
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$12 -> $15
Al Analysis
2026-01-09
Reason
Citi Research
Price Target
$12 -> $15
Al Analysis
2026-01-09
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NULL
to
Buy
Reason
The analyst rating for J&T EXPRESS-W (01519.HK) was upgraded to "Buy" by Citi Research due to strong growth momentum in its overseas business, particularly in Southeast Asia and emerging markets, which exceeded expectations. The significant growth rates of +73.6% in Southeast Asia and +79.7% in emerging markets, along with increased investment from TikTok Shop and market share gains, contributed to this positive outlook. As a result, Citi Research raised its earnings forecasts for 2025-2027 and increased the valuation multiple, leading to a higher target price from $12 to $15. The stock was also maintained as a top pick in its sector.
Daiwa
Daiwa
upgrade
2026-01-08
Reason
Daiwa
Daiwa
Price Target
2026-01-08
upgrade
Reason
The analyst rating for J&T EXPRESS-W was influenced by the company's strong performance in 4Q25, particularly in Southeast Asia and new markets, which exceeded expectations due to increased online sales penetration and platform investment. Daiwa named J&T EXPRESS-W as its industry top pick, reiterated a Buy rating, and raised the target price from HKD12.5 to HKD14.5 based on this positive outlook.
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Nomura
maintain
$14
2026-01-08
Reason
Nomura
Price Target
$14
2026-01-08
maintain
Reason
The analyst rating from Nomura for J&T EXPRESS-W is a "Buy" due to the company's strong performance in parcel volume growth, particularly in the Southeast Asian market. The report noted a year-over-year increase of 14.5% in total parcel volume for 4Q25, despite a decrease from the 23% growth in 3Q25. For the full year, the overall parcel volume increased by 22% YoY, although this was lower than the 31% growth recorded in FY24. Notably, the Southeast Asian market saw a significant surge, with parcel volume rising by 74% YoY in 4Q25 and 68% for the full year, exceeding the annual growth forecast of around 56%. As a result, Nomura raised its target price for the stock from HKD12.5 to HKD14, reflecting confidence in the company's growth trajectory.
BofA Securities
NULL
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Buy
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$12.8
2026-01-08
Reason
BofA Securities
Price Target
$12.8
2026-01-08
upgrade
NULL
to
Buy
Reason
The analyst rating for J&T EXPRESS-W (01519.HK) is based on the company's strong parcel volume growth in the fourth quarter of 2025, particularly in Southeast Asia and new markets, which exceeded expectations. BofA Securities noted a significant year-over-year increase in average daily parcel volume in Southeast Asia (73.6% growth) and in new markets (79.7% growth). Despite a slight dip in the Chinese market, the overall performance was better than anticipated, leading BofA to raise its target price to HKD12.8 and maintain a Buy rating, designating it as an industry top pick for 2026.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
