Changes in Hong Kong stocks | Jitu Express - W (01519) rose more than 8% in the afternoon, Lyon says it is confident in the company's profit growth in 2025

The Zhitong Finance App learned that Jitu Express - W (01519) rose more than 8% in the afternoon, reaching a new high of HK$7.92 since June last year. As of press release, it rose 8.23% to HK$7.89, with a turnover of HK$492 million.

According to the news, Lyon released a research report saying that they are confident that Goku Express's profit will increase in 2025 and reaffirms the “outperform the market” rating. The bank believes that TikTok Shop's strong GMV growth in the second quarter of 2025 in Southeast Asia contributed to the recent rise in the stock price. Since Jitu Express has taken over 50% of TikTok Shop's package volume in Southeast Asia, the bank expects that the increase in package volume in the Southeast Asia region in FY2025 is expected to exceed the 25%-30% expectations previously set by management, while maintaining stable unit profitability. Furthermore, in the Chinese market, the Group's unit cost reduction is expected to exceed that of its peers. In terms of emerging markets, the bank expects the group to benefit from the rapid expansion of TikTok Shop in Mexico.