HK Stock Market Move | JD INDUSTRIALS (07618) surges by more than 5%, reaching a strategic cooperation agreement with Shenzhen Senior Technology Material. Institutions are optimistic about the company's focus on expanding key customers.

JD Industrials (07618) rose by more than 5% again. As of the time of writing, it was up by 4.74% to HK$14.35, with a turnover of HK$26.9026 million. On the news front, JD Industrials recently signed a strategic cooperation agreement with Shenzhen Senior Technology Material. The two parties will deepen their cooperation in expanding digital technology platforms and solutions, MRO and spare parts global procurement, promoting standardization of products, supply chain coordination and overseas procurement platform construction. Shenzhen Senior Technology Material's overseas localized production layout combined with JD Industrials' global supply chain system can efficiently meet the production and supply needs of new energy manufacturing companies overseas. Huatai pointed out that the company has been included in the list of Hong Kong-Shenzhen Stock Connect, which will take effect from March 9. This is expected to further enrich the company's shareholder structure and promote liquidity improvement. In the medium to long term, the company is expected to continue deepening its core user base and market share growth through its technology-driven efficiency enhancement and group synergy, while meeting the demand for enterprise digital procurement and cost reduction. It is recommended to continue monitoring the development of the company's key enterprise customers and the progress of BOM categories, own brands, and overseas business.