bearish

J&T Global Express Pre-IPO, Part 3: 'New Markets' & X-Border | Our Initial EV Estimate Is US$8.6 Bn

798 Views12 Jul 2023 09:18
In this note we analyze the company's 'Others' segment, which includes smaller express markets and X-border logistics. We also offer an initial valuation of the company as a whole: US$8.6 bn (EV).
Boomeranged on Wed, 4 Oct 2023 12:15
We're pulling this note out of the archives in light of J&T’s updated HKEX filing and its decision to begin pushing forward with its IPO this week. This insight (the third of five) provides an approach to valuation.
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