Changes in Hong Kong stocks | Jitu Express - W (01519) rose more than 3%, Express's “anti-domestic roll” continues to deepen the Latin American market and begin an incremental cycle

The Zhitong Finance App learned that Jitu Express (01519) rose more than 3%. As of press release, it had risen 3.38% to HK$10.72, with a turnover of HK$422 million.

According to news, recently, the State Post Office, the National Development and Reform Commission, and the Ministry of Transport jointly issued the “15th Five-Year Plan for the Development of the Postal Industry”. During the “15th Five-Year Plan” period, the State Post Office will continue to rectify “internal rolling” competition, expand service scenarios, promote the upgrading of the industry to specialization, high-end, intelligence and diversification, and achieve equal emphasis on quality and efficiency. According to reports, in the second quarter of this year, the average daily volume of Jitu Express Southeast Asia increased by 63.2% year-on-year, while other markets increased by 136.5%; overseas markets grew at a high rate.

Caitong Securities believes that with the accelerated penetration of Chinese overseas platforms such as Temu, SHEIN, and TikTok Shop, and the continued growth of local e-commerce Mercado Libre in Latin America, it is pressing the acceleration button for the company's business volume growth in the Latin American market. The company's ability to go overseas has been continuously verified in the Southeast Asian and Latin American markets. In the future, as the company continues to seek new markets and replicate successful experiences, it is expected to become a global express logistics giant, and is optimistic about the company's overseas localization capabilities and long-term development space.