On June 23, J&T Global Express (01519.HK) fell 3.08% in regular trading, trading at HKD 8.18 per share, with turnover of approximately HKD 159 million. The stock has extended its decline following the previous session's 3.20% drop.
The continued sell-off follows the National Post Bureau's formal investigation launched on June 11, citing multiple workplace safety incidents at franchisees operating under the J&T Express brand. The regulator found that J&T failed to implement unified safety management responsibilities. Disclosure data shows 57 work-related fatalities over three years and employee turnover exceeding 38%. Additionally, market participants noted that J&T initiated renewed price competition in May, with industry single-ticket prices declining month-over-month, further pressuring sentiment.
Fundamentally, J&T's China market single-ticket revenue fell from USD 0.32 in 2024 to USD 0.30 in 2025, while adjusted EBITDA dropped approximately 15% to USD 363 million. The company has been conducting share buybacks, repurchasing approximately HKD 170 million worth of shares between June 16-22, but this has yet to arrest the downward trend.
(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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