jd.com logistics maintains its financial guidance unchanged and expects not to increase expenditure due to acquisitions, with capital expenditure percentage remaining at about 3% to 4%.
According to Zhitung Finance APP, Jefferies released a research report stating a "buy" rating for jd.com logistics (02618) with a target price of HKD 18.5. The company announced that on December 6, 2024, Suqian jd.com Bohai Enterprise Management Co., Ltd. plans to acquire approximately 36.43% equity interest in Kuaixun Express from the seller, with a total price not exceeding approximately RMB 6.484 billion, which may be adjusted according to the provisions of the equity transfer agreement.
The report stated that the highlights of the transaction include many synergies between the two companies yet to be released; the transaction is conducted in three phases, allowing jd.com logistics to clearly understand Kuaixun Express and its prospects, with valuation depending on Kuaixun Express's profit capability; Kuaixun Express's sales team is solid and international business is growing rapidly; the synergies cover multiple areas, including air transportation, and Kuaixun Express's sales routes cover domestic and Southeast Asia; jd.com logistics maintains its financial guidance unchanged and expects not to increase expenditure due to acquisitions, with capital expenditure percentage remaining at about 3% to 4%.
