According to the Zhitong Finance and Economics APP, UBS Group released a research report stating that it has raised the profit forecast for Jiangsu Express (00177) from 2024 to 2026 by 1% to 6% to reflect strong investment income from joint ventures and associates, as well as interest cost savings. The bank has raised its target price from HK$10.5 to HK$11 and maintains a 'buy' rating.

The report points out that the management of Jiangsu Express reiterated its strategy of focusing on toll roads and will look for new toll road assets to improve long-term overall shareholder returns. At the same time, the management emphasizes that even though capital expenditure plans for the next five years will continue to expand in response to toll road expansion plans, further investment in potential new toll roads, and offshore wind power projects, it will not change the stable dividend policy. Additionally, the management believes that the investment return on the new investment in the Greenfield Toll Road project is reasonable.