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J&T EXPRESS-W to Focus on Profit Output, Expansion into More Valuable Mkts in Coming Yrs
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J&T EXPRESS-W (01519.HK)'s delivery service covers all 77 provinces and 928 districts throughout Thailand. The group currently has a team of over 40,000 in Thailand, with a peak daily handling capacity of over 7 million parcels. The rapid development of e-commerce and logistics in Thailand, tariff exemptions among ASEAN countries, a stable investment environment, and Thailand's steady economy are conducive to the logistics coverage in Thailand and its neighboring countries, J&T EXPRESS-W Vice President Charles Hou said. As the market environment has changed in recent years, Hou noted that the growth model driven by scale in the past has already evolved, and the group will definitely continue to expand outward in the coming years, but it will prioritize dabbling in more valuable markets. Hou also admitted that the consensus of the capital market must be considered. Since the market is currently more focused on a company's profitability, the group will first focus on profit output while continuing to engage in price wars. AAStocks Financial News |
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