On August 3, J&T EXPRESS-W rose 3.27% in regular trading, trading at HK$10.4/share with turnover of HK$161 million. The rally was underpinned by sustained share repurchases, robust Q2 operational data, and broad logistics sector strength.
On the buyback front, the company has conducted multiple open-market repurchases since early July, with the latest on July 20 involving approximately HK$26.92 million for 2.89 million shares at prices between HK$9.24 and HK$9.33. The company previously approved a plan to buy back up to HK$2 billion of Class B shares funded through existing cash reserves and free cash flow.
Fundamentally, Q2 daily parcel volume surpassed 100 million for the first time, representing 24.2% year-over-year growth. Southeast Asia parcel volume surged 63% YoY, while other emerging markets jumped 137%. Multiple banks have issued bullish calls, with JPMorgan initiating at Overweight with a HK$13 target, and Bank of America raising its target to HK$12.2.
The broader logistics sector strengthened in tandem, with ZTO Express up 2.46% and JD Logistics up 2.26%.
(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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