J&T Express-W (01519) rose nearly 7%, gaining 6.88% to HK$10.26 by the time of writing, with a trading volume of HK$423 million. The company recently announced strong performance during the peak season of the Double 11 shopping festival. On November 11 alone, J&T Express handled over 100 million parcels globally, setting a new record with a 9% year-on-year increase.
From November 1 to 12, the company's average daily global parcel volume reached 94.59 million, up 15% year-on-year, driven by multiple promotional events. Notably, Southeast Asia and new markets demonstrated rapid expansion, posting robust growth of 78% and 83%, respectively.
Caitong Securities recently released a research report stating that J&T Express benefits from market opportunities and operational synergies. The report highlighted that the company leads in Southeast Asia—one of the fastest-growing global logistics markets—and China, the world's largest market, leveraging localized agency models and cost-efficiency strategies from its Chinese operations. Analysts believe the company is in a rapid development phase with significant growth potential.