Movement Alert|JD Logistics Rises 3.08% in Regular Trading, Sustained Large-Scale Buybacks Boost Market Confidence

Market Focus06-02

On June 2, JD Logistics rose 3.08% in regular trading, trading at HK$13.72 per share, with trading volume of approximately HK$53.11 million.

On the news front, the company has been conducting continuous share repurchases since May 15. As of June 1, JD Logistics had cumulatively repurchased approximately 23.29 million shares, spending over HK$214 million. Notably, on May 29, the single-day buyback intensity surged significantly, with the company spending approximately HK$96.59 million to repurchase 7.496 million shares — roughly triple the daily amounts in the preceding days. On June 1, the company continued repurchasing 1.85 million shares for approximately HK$24.60 million.

The sustained and accelerating buyback program signals management's strong conviction in the company's valuation. The repurchases come on the heels of a robust Q1 earnings report released on May 12, which showed revenue of RMB 60.58 billion (up 29% year-over-year) and net profit of RMB 880 million (up 95%), marking the company's best first-quarter profit performance since listing.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment