Movement Alert|JD Logistics Falls 3.04% in Regular Trading, Continuous Buybacks Fail to Halt Persistent Price Decline

Market Focus06-05

On June 5, JD Logistics fell 3.04% in regular trading, trading at 12.74 HKD/share, with trading volume of 20.2 million HKD. The decline continues a downtrend that has persisted despite aggressive share repurchase activity by the company.

On the news front, JD Logistics has conducted buybacks for 14 consecutive trading days since May 15, accumulating over 28.11 million shares repurchased at a total cost of approximately 374 million HKD. However, the stock has declined approximately 13% cumulatively during the buyback period. Market sentiment remains pressured by the company's long-standing zero cash dividend policy, with some investors questioning whether buybacks without share cancellation deliver meaningful shareholder returns, thereby constraining near-term valuation recovery.

Within the Air Freight and Logistics sector, performance was mixed. Among peers, SF Intra-City up 1.82%, J&T Express-W up 0.22%, SF Holding up 0.19%, ZTO Express-W down 0.23%, Sinotrans down 0.43%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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