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China Securities Co., Ltd.: The express delivery industry needs to break away from the framework of "headquarters quantity-price-profit" and the new flywheel sparks sustained development.
In the operation of the business, the four main entities of the express headquarters, franchisee, courier, and direct customers have formed a "express industry flywheel" based on multiple relationships formed in the process. The smooth initial operation is due to the organizational flexibility brought by the franchise system and the price advantage under extreme cost. In the long run, price wars are the "negative" products derived from the continuous operation of the express flywheel.
Brokerage focuses on bocom intl, target price of jd.com logistics cut by 3%, expected to see a 7% year-on-year increase in total revenue for the second quarter.
Jiǎo yín guó jìng's research report predicts that JD Logistics (02618) will have a YoY increase in total revenue of 7% in Q2 2024, down about 3% from previous expectations. This mainly reflects the weak prosperity of the bulky goods industry and the company's contraction of low-healthy business. Net income after adjustment is expected to reach 1.2 billion yuan, a YoY increase of 45%, corresponding to a profit margin of 2.7%, which is better than the bank's previous expectation of 2.3%, mainly due to the better-than-expected results of the company's cost reduction and efficiency improvement. The bank expects that the internal unit income will continue to grow and that the external integrated business customers will resume normal growth, but the revenue growth rate is affected by customer demand, and there is no obvious rebound trend for the time being in the express delivery industry.
Nomura Downgrades JD Logistics to Neutral From Buy, Adjusts Price Target to HK$9.40 From HK$10.40
03:30 AM EDT, 07/12/2024 (MT Newswires) -- Nomura Downgrades JD Logistics to Neutral From Buy, Adjusts Price Target to HK$9.40 From HK$10.40Price (HKD): $8.65, Change: $+0.17, Percent Change: +2.00%
Jefferies Financial: Upgrades JD Logistics' Q2 Profit Forecast, Target Price Set at HKD 11.2.
Jefferies Financial released a research report stating that considering the latest business development of jd.com logistics and maintaining the expectation of unchanged revenue for the integrated property supply chain business, the predicted net income for the second quarter of this year under non-international financial reporting standards has been increased from 1.05 billion yuan to 1.25 billion yuan. The bank predicts that the income of jd.com logistics in the second quarter will increase by about 7% to about 43.8 billion yuan year on year. Due to factors such as the increase in the number of third-party customers, economies of scale, and efficiency improvement, the bank predicts that the company's gross margin in the second quarter can be increased to 8.8%, and the net income rate under non-international financial reporting standards is expected to increase to 2.8%. In response to jd.com logistics' continued strengthening in major verticals.
Jefferies Sees Higher Q2 Non-IFRS Net Profit for JJD Logistics
Jefferies increased its Q2 non-IFRS net profit estimate on JJD Logistics (HKG:2618) to 1.25 billion yuan from 1.05 billion yuan, driven by the company's focus on higher quality product offerings, according to a note published on Thursday.
China Exports, Imports Growth Likely Accelerated in June, WSJ Poll Shows
0613 GMT - China's exports growth likely picked up to 7.8% on year in June from the 7.6% increase seen in May thanks to resilience in global demand, according to a poll of economists by The Wall Stree
COWmustMoo : luckily bought near book value..never buy a company when it first IPO