J&T EXPRESS-W (01519) Surges Over 5% as CLSA Expresses Confidence in Overseas Expansion Strategy

Stock News01-05 14:27

J&T EXPRESS-W (01519) rose more than 5%. As of the time of writing, the stock was up 5.76%, trading at HKD 11.01 with a turnover of HKD 318 million. The surge follows the company's recent announcement of a significant capital increase in its subsidiaries, Jet Global and JNT Express KSA, the entities responsible for its new market operations, involving a substantial amount of up to USD 1.056 billion. CLSA pointed out that this move is crucial for J&T's development, as the new market business is expected to become a new growth engine, and a more concentrated equity structure will help improve decision-making efficiency. This capital increase will also help optimize the company's shareholder structure. The brokerage maintains its confidence in J&T EXPRESS's overseas expansion strategy. Guosheng Securities believes that the business scale growth driven by e-commerce dividends in Southeast Asia and new markets, coupled with improved profitability in China, will jointly drive the company's future high performance growth.

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