JD LOGISTICS (02618) rose nearly 5%, and as of press time, the stock was up 4.90% to HK$13.91, with trading volume reaching HK$422 million.

On the news front, the China Federation of Logistics and Purchasing announced the August China E-commerce Logistics Index on the 10th. The August China E-commerce Logistics Index reached 112.3 points, up 0.3 points from the previous month, continuing to hit a new high for the year. The e-commerce logistics index has achieved six consecutive months of growth.

Among the sub-indices, the total business volume index for e-commerce logistics broke through 131 points, rising 0.5 points from the previous month, accelerating its upward trend.

Bank of America issued a research report stating that with China's anti-involution price adjustment effects having taken hold, the express delivery industry lacks positive catalysts in the short term. JD LOGISTICS has a particularly good entry point, as third-quarter earnings expectations have been reset. Bank of America maintains its target price of HK$16 for JD LOGISTICS with a "Buy" rating.