HK Stock Market Move | J&T EXPRESS-W(01519) rose by nearly 3% again, the company's overall package volume in the fourth quarter of 20124 increased by more than 30% year-on-year, and single packages achieved high growth.

J&T EXPRESS-W (01519) rose nearly 3% again, up 2.96% as of the time of publication, to 6.61 Hong Kong dollars, with a turnover of 64.3956 million Hong Kong dollars. Nomura released a research report stating that in the fourth quarter of China, J&T EXPRESS-W's parcel volume increased by 27% year-on-year to 5.915 billion pieces, and China's overall parcel volume in 2024 increased by 29% year-on-year, exceeding the group's annual growth guidance of 20-25%. The bank stated that in the fourth quarter of 2024, the parcel volume of J&T EXPRESS-W in China and Southeast Asia showed strong growth, while the parcel volume in new markets was weaker. The group's overall parcel volume in the fourth quarter increased by 33% year-on-year to 7.392 billion pieces. The overall parcel volume in 2024 increased by 31% year-on-year. J&T EXPRESS-W attributed the steady growth of parcel volume in the fourth quarter to the highly prosperous express delivery market in China, the outstanding sales growth of Pinduoduo and Douyin, and the high growth of single parcel volume. Western pointed out that in 2024, Southeast Asia achieved a parcel volume of 4.563 billion pieces, a year-on-year increase of +40.8%. Frost & Sullivan predicts that the growth rate of the express delivery industry in Southeast Asia in 2024 will be about 17%, with J&T EXPRESS-W's parcel volume in Southeast Asia growing by more than the industry average of 23.8%. In addition, China's parcel volume growth rate in 2024 is 7.1% higher than the industry average. Frost & Sullivan predicts that the growth rate of the express delivery industry in new markets in 2024 will be about 21%, with J&T EXPRESS-W's parcel volume in new markets growing by 1.1% more than the industry average.