According to the Zhixin Finance APP, GEL Express-W (01519) rose more than 5%, as of the press release, up 5.78%, to HK$8.78, with a turnover of HK$83,373,700.

On May 29, the list of securities under the Hong Kong stock connect in Shenzhen and Hong Kong was adjusted, and GEL Express-W was included in the list, which took effect on the same day. In addition, on May 8, GEL Express J&T Express announced that it had reached a milestone by raising tens of millions of dollars with Yida Capital and a Middle Eastern consortium. BOC International believes that this capital increase is beneficial to GEL Express's deepening of its international layout and accelerating the company's penetration of the Middle East market.

Morgan Stanley's research report stated that GEL Express expanded its overseas markets with China's express industry competitiveness, allowing its international business to grow rapidly. Due to the continuously increasing penetration rate of e-commerce in Southeast Asia and emerging markets, GEL's overseas market share continued to increase, and the company has a good cooperative relationship with Chinese e-commerce companies, which is confident in its growth in overseas markets. At the same time, it believes that the impact of geopolitical tensions is limited.