Movement Alert｜J&T EXPRESS-W Rises 3.39% in Regular Trading, Continuous Buybacks and Institutional Optimism Support Shares

Market Focus

Oct 09

On October 9, J&T EXPRESS-W rose 3.39% in regular trading, trading at 9.0 HKD, with turnover of 119 million HKD.

The stock's upward momentum followed the company's continued share repurchases, most recently acquiring 2.69 million shares on October 8 for approximately 23.49 million HKD. This marked an extension of a buyback program that had been running since early September, providing consistent support for the share price.

Further bolstering investor sentiment, CLSA maintained an Outperform rating with a 13.6 HKD target price, citing orderly volume growth in Southeast Asia and Latin America and a long-term target of 0.07 USD unit EBIT in both regions.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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