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[Brokerage Focus] Citigroup cuts JD.com Logistics (02618) Target Price by 5.26%. Net income margin for last year's fourth quarter is expected to be lower than previously anticipated.
Gold Wo Financial News | Citigroup's Research Reports indicate that JD.com's Logistics (02618) is expected to announce its fourth-quarter results for 2024 in early March 2025. The bank predicts that its revenue will grow by 7% year-on-year to 50.5 billion yuan, which is roughly in line with Bloomberg's expectation of 50 billion yuan. Due to factors such as market share expansion, sales personnel incentives, and increased capacity, despite being the peak season, the net income margin (NPM) for the fourth quarter of 2024 may contract on a quarter-on-quarter basis, expected to be 4.2%, lower than previous expectations, while the adjusted profit is around 1.9 billion yuan, higher than the market's general expectation of 1.7 billion yuan. The bank
[Brokerage Focus] BOCOM INTL maintains a Buy rating on JD.com Logistics (02618), citing that previous investments have driven revenue growth better than expected.
Jinwu Financial News | BOCOM INTL issued a Research Report indicating that JD.com Logistics (02618) is expected to see revenue growth of 8.6% year-on-year in the fourth quarter of 2024, reaching 51.25 billion yuan (RMB, same below), an acceleration from the third quarter's year-on-year growth rate of 6.6%, and a 2% upward revision from previous expectations by the firm, mainly reflecting the company’s increased focus on professional market expansion to capture market share and the preliminary investments in sectors such as shipping and Aviation routes, which are driving the growth in business volume. The growth trend in integrated supply chain Business is expected to be consistent with that of the third quarter, while express and freight services show steady growth. The adjusted Net income for the fourth quarter is forecasted to increase by 10% year-on-year to 2 billion yuan, above market expectations of 1.
JD Logistics Grants Over 7 Million Employee Shares
Volume increases and prices remain low as the express delivery industry competes to reduce costs. The application of autonomous vehicles and Drones is expected to accelerate next year | Year-end review.
① Since the beginning of the year, the growth rate of express delivery volume has exceeded 20%; the operating situation of "the two logistics giants and one delivery company" in the first 11 months shows volume increase and low prices, with ZTO achieving year-on-year revenue growth per package in Q3. ② Industry insiders say that the growth rate of express delivery volume will still be double-digit in the next 1-2 years. It is expected that next year, Drones and unmanned vehicles will accelerate their application in various express delivery scenarios, further reducing social Logistics costs.
Market Chatter: JD.com Buys Two Warehouses in Japan for 35 Billion Yen
JD Logistics Opens First Self-operated Overseas Warehouse in Japan
