Core Viewpoint - Jitu Express (01519) has seen a stock price increase of over 5%, currently trading at 10.1 HKD with a transaction volume of 562 million HKD, driven by recent price adjustments in the express delivery sector across China [1] Price Adjustments - On July 18, the Yiwu Postal Bureau raised the minimum express delivery price by 0.1 RMB to 1.2 RMB [1] - Starting August 4, the minimum express delivery price in Guangdong Province increased by 0.4 RMB per ticket, with the average price rising above 1.4 RMB [1] - In September, a nationwide trend of price increases was observed, with companies in Jiangsu, Jiangxi, Hunan, Hubei, Henan, Anhui, Beijing-Tianjin-Hebei, and Liaoning announcing price adjustments [1] Market Expansion and Growth Potential - According to Zheshang Securities, the rapid growth of e-commerce GMV in Southeast Asia, along with the increasing market share of TikTok, is strengthening Jitu's market position in Southeast Asia [1] - The company entered new markets in the Middle East and Latin America in 2022, where e-commerce penetration remains low, indicating potential for replicating its Southeast Asian success [1] - The Chinese market is expected to provide advanced operational models to overseas markets, with price increases in the express delivery sector likely to enhance Jitu's earnings recovery in the second half of the year [1]
极兔速递-W午后涨超5% 东南亚市占提升新市场潜力巨大 反内卷有望提振国内利润