Core Viewpoint - J&T Express-W (01519) has seen a stock price increase of over 5% in a bearish market, currently trading at 9.57 HKD with a transaction volume of 114 million HKD, following the announcement of a share buyback plan approved by the board [1] Group 1: Share Buyback Plan - On September 17, J&T Express-W announced that the board has approved a plan to exercise a general authorization for the buyback of Class B shares, which was granted by shareholders at the annual general meeting scheduled for June 18, 2025 [1] - The board is authorized to repurchase up to 10% of the total issued Class B shares (excluding treasury shares) as of the date of the annual general meeting [1] Group 2: Business Strategy and Market Focus - The company aims to become a global logistics service provider, focusing on strengthening its market position in Southeast Asia and China while gradually enhancing its presence in new markets [1] - According to Citic Securities, the management believes that the Southeast Asian business can maintain a stable unit EBIT of 0.07 USD per order, leveraging economies of scale and rapid growth outside the Shopee platform to expand market share [1] Group 3: Market Conditions and Profitability - In the Chinese market, the management's goal is to maintain a relatively stable market share amid intense competition [1] - Citic Securities anticipates that price increases across most provinces since August will help alleviate profitability pressures for the company in China [1] - The firm expresses optimism regarding J&T Express's overseas expansion and the potential rebound of its Chinese business [1]
极兔速递-W逆市涨超5% 拟回购不超过10%公司B类股份 机构看好公司海外市场份额扩张