Movement Alert|JD Logistics Falls 3.36% in Regular Trading, Continuous Buybacks Fail to Stem Selling Pressure Amid Rising Costs

Market Focus06-16

On June 16, JD Logistics fell 3.36% in regular trading, trading at 12.66 HKD/share, with turnover of 15.7223 million HKD.

On the news front, JD Logistics has conducted buybacks for 19 consecutive trading days since May 15, repurchasing a total of 36.07 million shares worth approximately 476 million HKD. However, the stock has declined 15.85% cumulatively during this buyback period, indicating persistent market selling pressure. Additionally, the company's Q1 fulfillment costs rose 29% year-over-year, with the cost-to-revenue ratio climbing 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 sector traded lower. Among individual stocks, J&T Express-W down 1.32%, ZTO Express-W down 0.45%, SF Holding down 1.03%, Sinotrans down 2.71%, SF Intra-City down 0.75%.

(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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