Changes in Hong Kong stocks | Jitu Express - W (01519) rose more than 5%. Southeast Asia's business advantage highlights that emerging markets are expected to become the second growth pole

The Zhitong Finance App learned that Jitu Express (01519) rose by more than 5%. As of press release, it had risen 4.83% to HK$10.3, with a turnover of HK$598 million.

According to the news, Jitu Express's total global package volume in the first half of this year reached 17.503 billion, an increase of 25.1% over the previous year. The number of packages in markets outside of China accounted for 33.6% of the world's total package volume, an increase of 9.4 percentage points over the previous year. As a leading express logistics company in Southeast Asia, Jitu Express maintained rapid growth in the second quarter, reaching 2,755 billion packages, up 63.2% year on year; in the first half of the year, the number of packages reached 5,523 billion, up 71.2% year on year.

Everbright Securities previously indicated that Goku Express is in a phase of scale expansion and profit acceleration. The basic advantages of the company's Southeast Asia business are prominent; emerging markets are replicating the successful path of Southeast Asia and becoming the second growth pole, and the growth rate of package volume is superior to that forecast; the “anti-internal volume” policy in the Chinese market is expected to boost single ticket revenue and strengthen the profit repair trend.