Daily Investment Strategy
Daily focus：J&T Express (1519)
The Chinese express delivery market is expected to experience robust growth in 2025, with national parcel volume reaching 199 billion pieces and industry revenue remaining stable at RMB 1.5 trillion. Against this backdrop, J&T Global Express demonstrated significant growth momentum, with global parcel volume reaching 30.129 billion pieces, a year-on-year increase of 22.2%. The average daily parcel volume increased from 67.3 million pieces in 2024 to 82.5 million pieces, reflecting the company's continued strengthening of its global market penetration. Southeast Asia saw a significant increase of 67.8% in parcel volume, reaching 7.659 billion pieces, the key driver.
Trump Plans to Ban Institutional Purchases of Single-Family Homes
US stocks retreated on Wednesday due to policy pressure, with the S&P 500 closing at 6920.9 points, down 0.3%. US President Trump stated that he is taking measures to ban large institutional investors from buying single-family homes and urged Congress to pass legislation, emphasizing that "People live in homes, not corporations." Private equity funds and REITs have dominated the expansion of single-family rentals in recent years; if the ban is implemented, acquisition-driven growth and valuation logic may be disrupted. In the short term, it may boost expectations for owner-occupied housing purchases, but it may also slow down rental supply and maintenance investment, leading to a greater divergence between housing prices and rents.
Hong Kong Stock Connect saw a net inflow of HK$9.18bn on Wednesday, with Tencent Holdings (0700) experiencing the largest net inflow at HK$1.96bn, followed by Xiaomi Group-W (1810); China Mobile (941) saw the largest net outflow at HK$1.13bn, followed by SMIC (0981).
Leung Kai Tong is a SFC licensed person accredited to KGI Group to carry on regulated activities (for details, please refer to https://apps.sfc.hk/publicregWeb/indi/ADU276/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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