HK Stock Market Move | J&T EXPRESS-W (01519) rises over 3% again; Q3 parcel volume growth remains at a relatively high level; Southeast Asia demonstrates operational resilience.

J&T EXPRESS-W (01519) rose over 3% again, up 2.95% as of press time, at HK$9.255, with a turnover of HK$57.3096 million. On the news front, J&T Express recently released its operating data for the third quarter of 2026. The company's overall parcel volume in Q3 2026 reached 9.584 billion pieces, up 24.8% year-on-year, of which Southeast Asia parcel volume was 2.886 billion pieces, up 44.5% year-on-year, China parcel volume was 6.428 billion pieces, up 15.3% year-on-year, and other markets parcel volume was 271 million pieces, up 159.5% year-on-year. Shenwan Hongyuan Group pointed out that in 26Q3, J&T Express's Southeast Asia region was affected by macro disturbances such as oil prices and exchange rates, creating phased disruptions to transportation costs and regional demand. Relying on mature localized operations, fuel surcharge pass-through mechanisms and other hedging measures, the company still achieved 44.5% volume growth amid external disturbances. It is bullish on Southeast Asia volume maintaining relatively high growth going forward, with earnings stability expected to further strengthen. In addition, in 26Q3, volume growth in other markets remained at more than double year-on-year, with elasticity significantly higher than the main markets of China and Southeast Asia.