Changes in Hong Kong stocks | Jitu Express - W (01519) rose more than 5% in the afternoon, and the cumulative amount of continuous repurchases since the beginning of September has exceeded HK$500 million

The Zhitong Finance App learned that Jitu Express - W (01519) rose more than 5% in the afternoon. As of press release, it rose 5.09% to HK$8.98, with a turnover of HK$203 million.

According to the news, Jitu Express announced that on October 5, the company repurchased 4.64 million shares at a cost of HK$39.654 million. Since September 1, the company has repurchased 24 consecutive days, with a total repurchase of 56.4426 million shares, with a cumulative repurchase amount of HK$510 million. Furthermore, Jitu's transit center in Hengyang, Hunan Province, was recently opened, making it the Group's first customized regional hub in Hunan.

Lyon recently released a research report saying that it is expected that competition in the mainland express delivery industry will continue to be fierce. Goku Express's sales in Southeast Asia and Latin America are growing in an orderly manner, and the company aims to achieve 0.07 US dollars per unit EBIT in both regions in the long term. As overseas growth and visibility improve, and domestic business is expected to strengthen, Jitu is still the first choice for this sector.