HK Stock Market Move | J&T EXPRESS-W(01519) up nearly 4% in market Q3 parcel volume exceeds market expectations, under the drive of anti-internal policy, the company's profits are expected to recover.

J&T EXPRESS-W (01519) rose nearly 4%, as of the press release, up 3.64% to HKD 10.25, with a turnover of HKD 32.5928 million. Daiwa released a research report stating that in the third quarter, the total number of packages handled by J&T Express increased by 23% year-on-year to 7.677 billion, with outstanding performance in Southeast Asia with a 78.7% year-on-year increase to about 2 billion, exceeding management and the bank's expectations. The bank believes that the express delivery market in Southeast Asia has entered a new stage of development, due to intensifying platform competition and market share integration. Considering J&T Express's market positioning and competitive costs, the company is believed to have an advantage in the growth phase. Shenwan Hongyuan Group pointed out that the company's high increase in new market volume is mainly due to continued investment by the company and deepening cooperation with e-commerce platforms. On the other hand, in the third quarter, with the continued push for anti-"inhaling policy" in the express delivery industry, prices have remained on the rise, and the company's third-quarter profits are expected to recover. Since August, the anti-"inhaling policy" in the express delivery industry has been continuously promoted, leading to a continuous increase in express delivery prices in production areas. Monthly reports from various express delivery companies in August showed an increase in prices, with price increases across the country in September. The industry is optimistic about the further increase in unit prices leading to profit recovery for the companies.