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Nomura Adjusts JD Logistics' Price Target to HK$10.30 From HK$9.40, Keeps at Neutral
Morgan Stanley: Reiterates "Outperform" rating on JD Logistics, target price raised to HKD 10.6.
Morgan Stanley published a research report stating that JD Logistics (02618) was reiterated with an Outperform rating and the target price was raised by 12%, from the original HKD 9.5 to HKD 10.6. The company's gross profit reached a historical high. In the next quarter, profits exceeded market expectations due to cost reduction and improved efficiency. The company is recognized as the preferred choice in the logistics industry due to cost structure improvement, unique value positioning, and strong ability to create free cash flow. Morgan Stanley raised its adjusted earnings per share estimates for the company by 34% and 30% in the next two years, reflecting the company's efficiency improvement and profit expansion. The bank believes that the company's revenue in the second half of this year will
UBS Group: Rated jd.com logistics as "buy", target price raised to HKD 12.3.
The company's second quarter performance exceeded expectations for non-international financial reporting standard profit margin, mainly due to cost control, especially outsourcing, which was the most significant improvement within the performance.
Zhitoon Hong Kong stocks interpretation | The Federal Reserve agreed to cut interest rates by 25 basis points, with strong financial reports from leading companies driving the collective growth.
Yesterday, the sluggish performance of internet-related giants caused the Hang Seng Index to stagnate. Today, the situation quickly reversed as the financial reports of several major giants were strong, resulting in across-the-board increases.
JD.com logistics (02618) issued 3.9 million shares as part of their stock incentive plan on August 16th.
JD.com Logistics (02618) announced that on August 16, 2024, it will execute the debt financing agreement adopted on May 28, 2021...
Operating profit and net income reach new highs, jd.com stock price jumps to a one-month high.
ATFX jd.com released its Q2 and mid-year performance on Wednesday, with Q2 performance significantly exceeding market expectations. After the financial report was released, JD's stock price in the US market rose sharply, closing up 4.25%. Today in the Hong Kong stock market, JD's stock price opened more than 6% higher. Driven by the growth of retail and logistics business, JD announced revenue growth in the second quarter, far exceeding analysts' expectations. In Q2, JD Group's revenue reached RMB 291.4 billion, a 1.2% increase, and revenue in the first half of the year reached RMB 551.4 billion. The net income attributable to ordinary shareholders was RMB 12.6 billion.