HK Stock Market Move | J&T EXPRESS-W(01519) rose nearly 8% again, institutions say the company's operational conditions in various regions are improving, and the turning point in profits is emerging.

J&T EXPRESS-W(01519) rose nearly 8%, as of press time, up 4.95% to HK$6.36, with a turnover of HK$1.25 billion. In terms of news, J&T Express announced the signing of a logistics service memorandum of understanding with Saudi Arabia's Jubeil and Yanbu Royal Commission, formally establishing a cooperative relationship, and will work together to promote the logistics and supply chain development in Saudi Arabia. According to the memorandum of understanding, the two parties will deepen cooperation within the economic zones under the supervision of the Jubeil and Yanbu Royal Commission, utilizing J&T's technology and experience in the express delivery logistics field to empower the logistics infrastructure construction in the economic zones and attract more e-commerce and logistics industries to the local area. Changjiang pointed out that J&T's profit turning point is appearing, and the advantages of its globalization layout are highlighted. The company is the most genetically capable express delivery company to go global, with the agent model driving rapid development of overseas business. The operating conditions in various regions are expected to improve by 2024, with profit turning points becoming apparent. In the short term, the profitability of the Chinese market continues to improve; the advantages of the Southeast Asian market are significant, with flexible competitive strategies and scale effects expected to achieve both volume and profit growth; new markets maintain strong growth momentum and are expected to continue reducing losses. In the medium to long term, we are optimistic about the company's ability to expand its global logistics network and its growth value.