On September 15, J&T EXPRESS-W fell 3.01% in regular trading, trading at HK$9.02 per share, with turnover of approximately HK$122 million. The decline came amid broad-based weakness across the Air Freight & Logistics sector, with JD Logistics down 2.47%, SF Intra-City down 1.89%, ZTO Express-W down 1.29%, and SF Holding down 0.89%.
Notably, the company has been conducting share buybacks for 10 consecutive trading days since September 1, repurchasing a cumulative 19.24 million shares totaling approximately HK$184 million during the period. Despite this sustained buyback activity, the stock has declined approximately 4.32% over the same stretch.
On the fundamental front, J&T EXPRESS-W reported strong interim results on August 20, with first-half revenue of US$7.67 billion, up 39.5% year-on-year, and adjusted net profit surging 124.3% to US$351 million. Multiple investment banks, including JPMorgan and Morgan Stanley, subsequently raised their target prices and maintained positive ratings on the stock.
(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.)
Comments