Movement Alert|JD Logistics Falls 3.05% in Regular Trading, Sustained Buybacks Fail to Stem Share Price Decline

Market Focus06-22

On June 22, JD Logistics fell 3.05% in regular trading, trading at HK$11.78/share, with turnover of HK$71.48 million. The decline comes amid persistent selling pressure despite the company's aggressive buyback campaign.

On the news front, JD Logistics has conducted consecutive share repurchases since May 15, accumulating over 36.07 million shares worth approximately HK$476 million. However, the stock has declined more than 15% cumulatively during the buyback period, indicating that market selling pressure significantly outweighs buyback support. Additionally, the company's Q1 fulfillment costs surged 29% year-over-year, with the ratio to net revenue rising from 6.7% to 7.1%. Combined with expectations of rising oil prices in Q2, cost-side pressures continue to weigh on investor sentiment.

Within the Air Freight and Logistics sector, the broader industry traded lower. Among individual stocks, J&T Express-W fell 2.74%, SF Intra-City fell 2.58%, Sinotrans fell 1.96%, ZTO Express-W fell 0.70%, and SF Holding fell 0.48%.

(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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