JD.com-SW (09618) rose more than 4%, as of press time, up 4.68% to HKD 111.8, with a turnover of HKD 0.528 billion.
According to the Finance and Economics app, JD.com-SW (09618) rose more than 4%, and the company's US stocks rose nearly 7% overnight. As of press time, it was up 4.68%, at HKD 111.8, with a turnover of HKD 0.528 billion.
On the news front, Credit Suisse issued a research report stating that JD.com's robust execution in terms of investment return rate has led the bank to raise its forecast for JD.com's retail operating profit and the group's profitability. Credit Suisse expects JD.com's quarterly active users to maintain a strong momentum in the second quarter of this year, with the total transaction volume (GMV) of supermarket goods expected to maintain a year-on-year double-digit growth, while total revenue is expected to increase by about 1% year-on-year. At the group level, the bank expects non-GAAP net income to increase by about 17% year-on-year. The bank maintains a target price of HKD 41 for JD.com H-shares and gives a "buy" rating.