Core Viewpoint - Jitu Express (极兔速递-W) shares rose over 5% in the afternoon trading session, reflecting positive market sentiment driven by recent price adjustments in the express delivery sector across China [1] Price Adjustments in the Express Delivery Sector - On July 18, the Yiwu Postal Bureau announced an increase in 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 was raised by 0.4 RMB per ticket, with the average price exceeding 1.4 RMB [1] - By September, the price increase trend expanded rapidly, with express delivery companies in Jiangsu, Jiangxi, Hunan, Hubei, Henan, Anhui, Beijing-Tianjin-Hebei, and Liaoning also announcing price adjustments, indicating a nationwide trend [1] Market Growth and Expansion Opportunities - According to a report by Zheshang Securities, the rapid growth of e-commerce GMV in Southeast Asia, coupled 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, suggesting potential for replicating its successful Southeast Asian model [1] - The express delivery price increases in China are expected to enhance Jitu's earnings elasticity, leading to a potential over-performance in profitability in the second half of the year [1]
港股异动 | 极兔速递-W(01519)午后涨超5% 东南亚市占提升新市场潜力巨大 反内卷有望...