J&T Global Express half-year revenue rises on Southeast Asia parcel growth

J&T Global Express

20/08/2026 09:44

Overview
Express delivery provider's half-year revenue rose 39.5% yr/yr to $7.67 bln
Adjusted net income for the half-year surged 124.3% yr/yr
Company growth driven by higher parcel volumes and market share in SEA and China

Outlook
Company expects SEA e-commerce retail market to maintain rapid growth in 2026
SEA express delivery market parcel volume projected to rise 35.4% in 2026
Company sees continued strong demand for cost-effective express delivery services in SEA

Result Drivers
PARCEL VOLUME GROWTH - Higher parcel volumes, especially in SEA (up 71.2% yr/yr) and other markets, drove revenue gains
MARKET SHARE GAINS - Increased market share in SEA (to 38.1%) and China (to 11.6%) contributed to growth
E-COMMERCE EXPANSION - Growth in SEA e-commerce retail market and demand for cost-effective delivery services supported results

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
$7.67 bln
 
H1 Adjusted Net Income
 
$350.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy"
Wall Street's median 12-month price target for J&T Global Express Limited is HK$13.20, about 29.8% above its August 19 closing price of HK$10.17
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
Aug 18 - China's ZTO Express Q2 profit up 50% on operational efficiency 
Aug 19 - Hong Kong's SITC International half-year revenue rises on higher shipping volumes, freight rates
Aug 19 - China's Full Truck Alliance Q2 profit lifted by higher orders, rates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)