HK-listed J&T Global Express climbs on quarterly parcel volume growth
BUZZ-HK-listed J&T Global Express climbs on quarterly parcel volume growth ** Shares of J&T Global Express 1519.HK climb 3.2% to HK$9.21 after falling for two straight sessions, on track for biggest one-day pct gain since October 9
** Stock sixth-biggest pct gainer in the benchmark Hang Seng Index .HSI, which slips 1.1%
** Global logistics service provider says its parcel volume for quarter ended in September up 24.8% y/y at 9.58 billion units, of which Southeast Asia up 44.5% and China up 15.3%
** For January-September, total parcel volume up 25% at 27.09 billion, with Southeast Asia up 61% and China up 11.5%
** That compares with 24.2% growth in quarter ended in June
** YTD, stock down 12.6%, Hang Seng Index .HSI down 6.2%
(Reporting by Donny Kwok)
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