J&T Global Express hits over 4-month high on H1 profit growth
BUZZ-J&T Global Express hits over 4-month high on H1 profit growth ** Shares of J&T Global Express 1519.HK jump 8.1% to HK$10.85, their highest level since April 15
** Stock on track for the biggest one-day pct rise since March 31, snapping two straight declining sessions
** The global logistics service provider said its first-half adjusted net profit jumped 124.3% y/y with revenue up 39.5% y/y, driven by higher parcel volumes and market share in Southeast Asia and China
** Nomura, with "Buy" rating on the stock, says 1H26 results beat with better-than-expected average revenue per parcel and higher revenue from Southeast Asia contributing to the revenue beat
** YTD, stock down 1.2%, while benchmark Hang Seng Index .HSI up 1.2%
(Reporting by Donny Kwok)
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