J&T EXPRESS-W (01519) rose over 5% against the market trend. As of press time, it was up 4.02% to HK$9.57, with a trading volume of HK$114 million.

On the news front, on September 17, J&T EXPRESS-W announced that its board of directors has approved a plan to exercise the general mandate granted by shareholders at the company's annual general meeting held on June 18, 2025, to repurchase the company's Class B shares. Accordingly, shareholders have approved the repurchase authorization, and the board is authorized to repurchase up to 10% of the Class B shares in the market, based on the total number of issued shares (excluding treasury shares) of the company as of the date of the annual general meeting. The trading price of Class B shares undervalues the group's performance and intrinsic value.

The company is committed to becoming a global logistics service provider. In the future, the company will focus on Southeast Asian and Chinese markets to consolidate its market position and steadily enhance its position in new markets.

CITIC Lyon pointed out that J&T EXPRESS management believes that the group's Southeast Asian business should be able to maintain a stable unit EBIT of $0.07 per parcel and continue to expand market share through economies of scale and rapid growth of non-Shopee platforms. In the Chinese market, J&T EXPRESS management aims to maintain a relatively stable market share amid intense market competition. The firm expects that since August, as most provinces have gradually raised prices, this will help alleviate the group's profitability pressure in China.

CITIC Lyon expressed optimism about J&T EXPRESS's overseas expansion and the potential bottoming out and rebound of its Chinese business.