HK Stock Market Move | J&T EXPRESS-W(01519) rose nearly 7%, rapid growth in Southeast Asia and new markets, institutions point to the company's high growth potential.

J&T EXPRESS-W (01519) rose by nearly 7%, rising by 6.88% to HKD 10.26 as of the time of writing, with a trading volume of HKD 4.23 billion. On the news front, J&T Express previously announced the key performance of its Double 11 peak season. On November 11th, J&T Express' global parcel volume once again exceeded 1 billion pieces, reaching a historical high with a 9% year-on-year increase. With various promotion seasons taking place, from November 1st to 12th, J&T's global daily parcel volume reached 94.59 million pieces, a 15% increase year-on-year, with rapid growth in Southeast Asia and new markets, achieving strong growth of 78% and 83% respectively. Caitong recently released a research report stating that with market dividends and resonance, J&T Express is welcoming opportunities. The report pointed out that J&T Express is in a leading position in the Southeast Asia market with the fastest express delivery growth and the largest market in the world, China, thanks to its localized innovative agency model and cost reduction experience. The report believes that the company is in a rapid development stage with high growth potential.