On September 16, J&T EXPRESS-W declined 3.29% in regular trading, trading at HK$8.825 per share, with turnover of approximately HK$194 million. The stock extended its sharp sell-off from the prior session amid continued fallout from a regulatory enforcement action.
The National Post Bureau announced a formal investigation into J&T Express Limited, citing multiple workplace safety incidents and repeated safety hazard violations discovered during inspections at facilities operating under the J&T Express brand. The regulator stated that the company had failed to implement unified safety management as required by law. On September 15, the stock had plunged over 10% intraday before closing down approximately 1.88% at HK$9.125.
The persistent weakness comes despite the company conducting daily share buybacks since late August, accumulating over 56 million repurchased shares, and recent bullish analyst endorsements from J.P. Morgan and CLSA, both naming J&T EXPRESS-W as a top sector pick with upwardly revised target prices.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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