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Jefferies Adjusts J&T Global Express' Price Target to HK$9 From HK$8.60, Keeps at Buy
J&T EXPRESS-W (01519.HK) spent 7.71 million Hong Kong dollars to repurchase 1.3 million shares on March 7.
Gelonghui reported on March 7 that J&T EXPRESS-W (01519.HK) announced that on March 7, it spent 7.71 million Hong Kong dollars to repurchase 1.3 million shares.
[Brokerage Focus] Jianyin International maintains a rating of outperforming the market for Jitu Express (01519), expecting its parcel volume in the China market to achieve an annual growth target of 20%.
Jinwu Financial News | Jianyin International issued a Research Report stating that Jitu Express (01519) will see its adjusted EBITDA growth of 430% year-on-year to 0.778 billion USD in 2024, thanks to improved profitability in the China market. In China, Jitu Express's parcel volume increased by 29% year-on-year, and its market share rose by 0.7 percentage points to 11.3%. Due to an 11% decrease in unit costs, the average revenue per order (ASP) in the China market decreased by 6% to 0.32 USD. By early 2025, Jitu Express's parcel volume in China has achieved rapid growth.
An analysis of the 2024 annual report of Jitu Express (01519.HK): the three main strategies of "scale, efficiency, and profit."
On March 5th, Jitu Express (01519.HK) presented its annual report for the past year. As a dark horse in the Industry, Jitu has once again showcased impressive performance in the increasingly competitive domestic express delivery market. 1. Confirmation of the profit turning point: transitioning from scale expansion to efficiency improvement, entering a new growth cycle. first, let's look at the overall performance data: In 2024, Jitu's total revenue reached 10.259 billion dollars, a year-on-year increase of 15.9%; gross profit was 1.078 billion dollars, a year-on-year increase of 128.0%; Net income has significantly turned positive, with adjusted net income approximately 0.2 billion dollars, exceeding expectations.
Express News | J&T Global Express : HSBC Raises to Hold From Reduce
Express News | J&T Global Express : HSBC Raises Target Price to HK$5.5 From HK$5
