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Brokerage focus: China Merchants Securities maintains a "strongly recommended" rating for JD Group (09618), bullish on the profit improvement space under sustained improvement in operational quality.
China Merchants Securities issued research reports that jd.com's operation quality continued to improve in Q2 2024, with gross margin significantly increasing. The main sources are 1) the platform continues to enhance bargaining power with scale advantages and reduce procurement costs, 2) high-efficiency subsidies focusing on ROI in Q2 improve marketing expenses, 3) the increase in the proportion of high gross profit products drives the growth of gross margin. In the long term, the self-operated model barrier of the platform is solid, and there is still room for improvement in the bargaining of supermarket categories and the development of high-gross-profit household appliance categories, with profits expected to maintain steady growth. The bank continued to point out that jd.com's self-operated model barrier is solid and the platform is able to maintain steady growth.
JD.com Vice President: Research and development team is very important for product selection.
On July 12th, the Vice President of jd.com stated at the '2024 JD Financial Wealth Management Q3 Strategy Meeting' that since the establishment of the team in 2022, he has discovered the significant role of investment research in investment management business. 'Investment research strengthens the ability to select merchandise, and this year JD Financial has seized the opportunity in gold, personal retirement plans, and other areas. Currently, the number of personal retirement accounts is the second highest in China.' In addition, the investment research team has increased interaction between the platform and investors. In recent years, the satisfaction and professionalism of JD Financial's customers have been on the rise, and the investment research team has better reflected the needs of investors in providing services. Because of the investment research team, the platform and
JD Financial announces Q2 data: Investors buy more baijiu index.
On July 12th, the Deputy General Manager of jd.com announced the Q2 index data for 2024 at the Q3 strategy meeting of the JD.com Financial Wealth Management. The trading volume of index accounted for 70%, and the average holding position of customers in the index was 0.01 million yuan. There were 23 members in the JD.com Alliance and more than 160 products in the alliance's product pool, with RSP trading accounting for 10%. JD.com officials introduced that product sales and market trends are closely related, and categories with good Q2 performance such as dividends and NASDAQ index are popular among investors; regarding broad-based indexes, they prefer large-cap index, and the csi 300 index has a leading sales volume; Investors have been adding positions in baijiu.
Nomura Adjusts JD.com's Price Target to HK$150 From HK$165, Keeps at Buy
JD.com (HKG:9618) has an average rating of outperform and price targets ranging from HK$90 to HK$201, according to analysts polled by Capital IQ.Price (HKD): $112.10, Change: $+5.30, Percent Change: +
JD.com Poised for Revenue Growth Recovery in 2H -- Market Talk
0652 GMT - JD.com's revenue growth looks set to recover in 2H as competition eases, Citi analysts say. They note that the Chinese e-commerce company faced stiff competition in 2Q, especially during
JD.com Likely Defended Margins in 2Q -- Market Talk
0517 GMT - JD.com could post flat 2Q revenue but strong earnings as it sat out the subsidy battle among Chinese e-commerce platforms, Nomura analysts Jialong Shi and Rachel Guo say in a research note.
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