On July 22, J&T Global Express rose 3.25% in regular trading, trading at HK$9.84/share, with turnover of HK$142 million.
On the news front, the company disclosed on July 20 that it repurchased 2.89 million shares at prices between HK$9.24 and HK$9.33, spending approximately HK$26.92 million. This marks the latest in a series of intensive buybacks throughout July, with the company executing purchases on nearly every trading day since July 10, accumulating over HK$170 million in total repurchases during the period.
The sustained buyback activity is underpinned by a HK$2 billion share repurchase plan approved at the annual general meeting on June 25, authorizing purchases of up to 967.5 million Class B shares. Additionally, the company reported robust Q2 operational data on July 8, with total parcel volume reaching 9.18 billion, up 24.2% year-over-year. Southeast Asia parcel volume surged 63.2% to 2.75 billion, while first-half cumulative volume reached 17.5 billion parcels, representing 25.1% growth.
(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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