The Zhitong Finance App learned that Jitu Express - W (01519) rose by nearly 8%. As of press release, it had risen 4.95% to HK$6.36, with a turnover of HK$0.125 billion.

According to the news, Jitu Express announced that it has signed a memorandum of understanding on logistics services with Saudi Jubail and the Yanbu Royal Commission to formally establish a cooperative relationship, and will work together to promote logistics and supply chain development in Saudi Arabia in the future. According to the memorandum of understanding, the two sides will carry out in-depth cooperation within the special economic zones under the jurisdiction of the Jubail and Yanbu Royal Commission to use Jubail's technology and experience in the field of express logistics to enable logistics infrastructure construction within the special economic zone and attract more e-commerce and logistics upstream and downstream industries to the local layout.

Changjiang Securities pointed out that Jitu's profit inflection point is showing, and the advantages of a global layout highlight that the company is the express delivery company with the most overseas genes, and that the agent model promotes the rapid development of overseas business. In 2024, business conditions in all regions improved, and profit inflection points were evident. In the short term, profits in the Chinese market continue to improve; the Southeast Asian market has significant advantages, and flexible competitive strategies and scale effects are expected to increase rapidly; the new market maintains strong growth momentum and is expected to achieve continuous loss reduction. In the medium to long term, we are optimistic about the company's ability to expand its global logistics network and growth value.