Gelonghui, January 9 | Jitu Express (1519.HK) opened high today and saw a significant rise, at one point soaring over 11% to 6.49 HKD, marking a nearly one-month high since December 11 last year; ultimately closing up 10.31% at 6.42 HKD, with a total turnover of 0.38 billion HKD, and a latest market cap of 56.9 billion HKD. Recently, Jitu Express announced major Company Business Data for the fourth quarter and the full year of 2024. In the fourth quarter of 2024, the company achieved a total package volume of 7.39 billion pieces, a year-on-year increase of 32.5%, with an average daily package volume of 80.3 million pieces. For the entire year of 2024, the company achieved a total package volume of 24.65 billion pieces, a year-on-year increase of 31%, with an average daily package volume of 67.3 million pieces, up 30.7% year-on-year. Nomura's Research Reports indicated that Jitu Express's package volume in China in the fourth quarter increased by 27% year-on-year to 5.915 billion pieces, with an overall package volume increase of 29% year-on-year predicted for China in 2024, exceeding the group's full year growth guidance of 20-25%. The firm believes the package volume growth in China and Southeast Asia for Jitu Express in the fourth quarter of 2024 is strong, setting its Target Price at 7.3 HKD and maintaining a 'Buy' rating. Western Securities also mentioned that considering Jitu Express's growth potential in Southeast Asia, China, and new markets, it maintains a 'Buy' rating. The company is expected to achieve revenues of 10.904/12.753/14.762 billion USD for 2024-2026. Taking into account Jitu's leading position in Southeast Asia and its growth in China and new markets, it maintains a 'Buy' rating. (Gelonghui)