Movement Alert|J&T EXPRESS-W Rises 3.09% in Regular Trading, Sustained Buybacks and Strong Growth Data Boost Shares

Market Focus08-04 15:02

On August 4, J&T EXPRESS-W rose 3.09% in regular trading, trading at HK$10.68/share with turnover of HK$399 million, bucking the broader logistics sector weakness.

On the news front, the company has conducted intensive share repurchases since late June. The most recent buyback on July 20 saw HK$26.92 million spent to repurchase 2.89 million shares at prices between HK$9.24 and HK$9.33. The company previously announced a plan to buy back up to HK$2 billion in Class B shares, with cumulative repurchases since authorization exceeding 20 million shares.

On fundamentals, Q2 global daily parcel volume surpassed 100 million for the first time, with total quarterly volume reaching 9.18 billion parcels, up 24.2% year-over-year. Southeast Asia volume surged 63% to 2.75 billion parcels, while other emerging markets grew 137% to 211 million parcels. Multiple investment banks have issued bullish ratings, with JPMorgan initiating at Overweight with a HK$13 target, and Bank of America raising its target to HK$12.2.

(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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