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J&T Global Express Limited ( (HK:1519) ) has issued an update.
J&T Global Express Limited reported a significant increase in parcel volumes for the fourth quarter of 2024, with a 32.5% year-on-year growth in total parcel volume. This growth was driven by substantial increases in Southeast Asia and China, highlighting the company’s strong market position and operational expansion in these regions. However, the company also experienced a reduction in the number of network partners and outlets, despite a slight increase in the number of sorting centers. This operational update underscores J&T Global Express’s aggressive expansion strategy but also points to some consolidation in its partner and outlet network.
More about J&T Global Express Limited
J&T Global Express Limited is a logistics and express delivery company incorporated in the Cayman Islands. It operates in Southeast Asia, China, and new markets, focusing on parcel delivery services. The company is controlled through weighted voting rights and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -7.67%
Average Trading Volume: 12,527,205
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$50.37B
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