Movement Alert|JD Logistics Falls 3.28% in Regular Trading, Continuous Buyback Fails to Arrest Stock Decline

Market Focus06-23 11:12

On June 23, JD Logistics fell 3.28% in regular trading, trading at 11.78 HKD/share, with turnover of 41.09 million HKD. The decline comes as the company's sustained share repurchase program has failed to reverse persistent selling pressure.

Since May 15, JD Logistics has conducted consecutive daily buybacks totaling over 36.07 million shares worth approximately 476 million HKD. Despite this aggressive repurchase effort, the stock has declined over 15% cumulatively during the buyback period, indicating that market selling pressure remains unabated. Additionally, the company's Q1 fulfillment costs surged 29% year-over-year, with the cost-to-net-revenue ratio rising from 6.7% to 7.1%. Combined with expectations of rising oil prices in Q2, cost-side pressures have intensified market concerns over margin compression.

Within the Air Freight and Logistics sector, the overall industry weakened broadly. Among peers, J&T Express-W fell 2.25%, SINOTRANS fell 1.47%, SF Intra-City fell 1.20%, ZTO Express-W fell 1.16%, and SF Holding fell 1.01%.

(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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