Movement Alert|J&T EXPRESS-W Intraday Rise 3.22%, Continuous Buybacks and Citic CLSA Target Price Boost Optimism

Market Focus
Oct 06

On October 6, J&T EXPRESS-W rose 3.22% in regular trading to HKD 8.84 per share, with turnover of HKD 65.9 million.

The stock movement was driven by the company's announcement of continuous share buybacks over 28 days, repurchasing 167 million shares totaling HKD 15.20 billion, along with Citic CLSA setting a bullish target price of HKD 13.6, suggesting 54% upside. Background details show the buybacks include recent transactions, such as HKD 3.97 million spent on October 5, while Citic CLSA emphasized the firm's stable growth in Southeast Asia and Latin America with a long-term EBIT target of $0.07 per unit, reinforcing investor sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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