Movement Alert|J&T Global Express Rises 3.31% in Regular Trading, Express Sector Anti-Involution Benefits Accelerating Amid Ongoing Buyback Plan

Market Focus
07/03

On July 3, J&T Global Express-W rose 3.31% in regular trading, trading at HKD 9.26 per share, with turnover of HKD 117 million.

On the news front, the express delivery industry's anti-involution measures are yielding accelerating results. YTO Express announced expected H1 net profit of RMB 3.1-3.4 billion, representing 69%-86% year-over-year growth, driven by reasonable terminal price recovery that has improved the overall industry operating environment. This has bolstered sector-wide sentiment.

Additionally, the company's previously announced open-market share buyback plan of up to HKD 2 billion continues to advance. The latest buyback on June 30 repurchased 1.875 million shares, with cumulative repurchases exceeding 11.15 million shares. The sustained execution of this large-scale buyback reinforces market conviction that the stock remains undervalued.

The company also recently signed a strategic cooperation agreement with CATL, focusing on new energy and logistics scenarios to build a green supply chain system.

(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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