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The latest announcement is out from J&T Global Express Limited ( (HK:1519) ).
J&T Global Express Limited has announced a proposed on-market share buy-back plan, approved by its board of directors, to repurchase up to 10% of its Class B shares. The company believes its shares are undervalued and aims to utilize existing cash reserves for the buy-back, which is expected to benefit shareholders by improving capital management. The plan aligns with J&T’s strategic focus on expanding in Southeast Asia and China, while also seizing growth opportunities in new markets such as Saudi Arabia, UAE, Mexico, Brazil, and Egypt.
The most recent analyst rating on (HK:1519) stock is a Hold with a HK$10.00 price target. To see the full list of analyst forecasts on J&T Global Express Limited stock, see the HK:1519 Stock Forecast page.
More about J&T Global Express Limited
J&T Global Express Limited is a logistics service provider incorporated in the Cayman Islands, focusing on expanding its market presence in Southeast Asia and China. The company aims to capitalize on global e-commerce growth opportunities, enhance its management practices, reduce costs, and strengthen its brand to improve profitability.
Average Trading Volume: 45,183,509
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$83.04B
For an in-depth examination of 1519 stock, go to TipRanks’ Overview page.