MB-J&T @EC2607A(27055.HK)

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MB-J&T @EC2607A
27055.HK
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In "The Big Banks," Citigroup: J&T's debt structure improvement is expected to enhance profitability

The Lyon Research Report pointed out that J&T EXPRESS-W plans to issue CNY 4.65 billion convertible bonds with a term of 7 years, aimed at share repurchase, replacing high-interest old debts, and expanding into new markets. Management indicated that refinancing may not be necessary in 2026. The bank believes that the improvement in debt structure and the decline in interest rates will enhance profitability, and continuous share repurchases will boost earnings per share, maintaining an "outperform" rating with a target price of CNY 13.6

AASTOCKS·
HK
01519
+2.56%
AASTOCKS·
HK
01519
+2.56%

J&T Global slips most in over 9 months on $596 million convertible bonds dilution fears

Shares of J&T Global Express fell 5.4% to HK$10.52, marking the largest decline since April 7. The Indonesian courier plans to raise HK$4.65 billion ($596 million) through convertible bonds, aimed at expanding overseas, advancing technology, and optimizing capital structure. The issuance will convert into 319.6 million new shares, raising concerns about potential dilution. Year-to-date, the stock is up 3.1%, while the Hang Seng Index has risen 4.2%.

Reuters·
HK
01519
+2.56%
SH
516530
-1.23%
Reuters·
HK
01519
+2.56%
SH
516530
-1.23%

HK-listed J&T Global Express aims to raise $596 million for tech, overseas expansion

J&T Global Express, an Indonesian courier firm, aims to raise approximately HK$4.65 billion ($596 million) through convertible bonds to fund overseas expansion and technology development. The bonds will convert into about 319.6 million new shares at an initial price of HK$14.55 per share. The company plans to list the 2026 Convertible Bonds on the Hong Kong Stock Exchange. Founded in 2015, J&T has grown to be the largest e-commerce delivery service in Southeast Asia and expanded into China by acquiring Best Inc's express delivery business in 2021.

Reuters·
HK
01519
+2.56%
Reuters·
HK
01519
+2.56%

J&T Global Express to Raise HK$4.65 Billion via Premium-Priced Convertible Bonds

J&T Global Express Limited plans to raise HK$4.65 billion through a proposed issue of zero coupon guaranteed convertible bonds due 2033. The bonds will be issued at par, with an initial conversion price of HK$14.55 per Class B share, representing a premium of 25%-31% over recent trading prices. If fully converted, this could result in approximately 319.6 million new shares, equating to about 3.56% of the current issued share capital. The company aims to list the bonds and new shares on the Hong Kong Stock Exchange to enhance its capital structure while managing shareholder dilution.

Tip Ranks·
HK
01519
+2.56%
Tip Ranks·
HK
01519
+2.56%

UBS: The cross-shareholding between J&T EXPRESS and SF Holding has synergistic effects, paving the way for deeper cooperation

UBS research report pointed out that J&T EXPRESS and SF Holding announced cross-shareholding last week, with both parties agreeing to subscribe to each other's newly issued shares, involving a total cash amount of HKD 8 billion each. The transaction aims to deepen cooperation between the two companies, and UBS believes there are synergies. SF Holding is committed to building supply chain service capabilities, while J&T has a market share of over 30% in Southeast Asia. UBS gives J&T a "Buy" rating and SF Holding an "A-share Neutral" rating

AASTOCKS·
HK
01519
+2.56%
SZ
002352
-0.11%
AASTOCKS·
HK
01519
+2.56%
SZ
002352
-0.11%
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