Movement Alert|JD LOGISTICS Rises 3.55% in Regular Trading, Large-Scale Share Buyback Cancellation and Institutional Bullish Outlook Boost Stock

Market Focus07-30

On July 30, JD LOGISTICS rose 3.55% in regular trading, trading at 15.15 HKD/share, with turnover of HKD 281 million.

On the news front, the company recently completed a large-scale share buyback and cancellation. Between May 15 and June 29, JD LOGISTICS repurchased approximately 53.26 million shares at a total cost of approximately HKD 683 million, with repurchase prices ranging from HKD 11.52 to HKD 14.27 per share. The repurchased shares were officially cancelled on July 22, reducing total issued share capital from approximately 6.677 billion shares to approximately 6.624 billion shares. The move directly enhances per-share value and signals management confidence in the company's intrinsic worth.

Additionally, Citi recently reiterated a Buy rating on the stock with a target price of HKD 18, projecting Q2 revenue of RMB 64 billion and adjusted net profit of RMB 2.581 billion, both slightly above market consensus. The bank also noted that declining oil prices could support profit margins in the second half.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment