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[Brokerage Focus] BOCOM INTL expects the revenue growth Range of e-commerce platforms to be between 8-14% in 2025.
Jinwu Financial News | BOCOM INTL stated that on January 8, the National Development and Reform Commission and the Ministry of Finance issued a notice regarding the "Implementation of Large-Scale Equipment Renewal and Consumer Product Replacement Policies by 2025". This expands the 8 major categories of consumer electronics in the 2024 consumer goods market to 12 categories and implements a 15% subsidy for mobile digital products. The bank indicated that the press conference introduced the consideration of consumption demand during the New Year and Spring Festival, and has already allocated 81 billion yuan for the consumer product replacement subsidy. The bank expects that in the first quarter, this could drive sales of home appliances and digital products to exceed 150 billion yuan, estimating that the subsidy will lead to approximately 31 billion yuan in sales on Tmall and JD.com for home appliances and digital products respectively.
Zhitong Hong Kong Stock Short Selling Statistics | January 8
Hong Kong stock short-selling Statistics | January 8
Express News | FTSE China A50 Index Futures Surge Over 1%; Pinduoduo Nearly 5% Premarket
[Brokerage Focus] Citigroup maintains a "Buy" rating on JD.com (09618), expecting it to benefit from the continuation of the trade-in program.
Jingwu Financial News | Citigroup's Research Reports indicate that JD.com (09618) had a Net income of 28.22 billion yuan in 2022, with a diluted EPS of 17.744 yuan, an EPS growth rate of 64.7%; in 2023, the Net income is projected to be 35.2 billion yuan, with an EPS of 22.205 yuan, a growth rate of 25.1%; for 2024, the expected Net income is 44.242 billion yuan, with an EPS of 28.785 yuan, a growth rate of 29.6%; for 2025, the expected Net income is 47.283 billion yuan, with an EPS of 31.205 yuan, a growth rate of 8.4%;
Citigroup: JD-SW (09618) continues to lead in this year's national trade-in plan and starts a 90-day positive catalyst observation.
Citibank believes that JD.com’s early entry into the trade-in program should support GMV and revenue growth exceeding expectations in the first half of this year.
Large Network Technology stocks generally rose. Xiaomi Group (01810) increased by 6.18%. Institutions suggest that AI is expected to empower domestic Internet Plus-Related giants to open up new growth opportunities.
Gold & Wealth News | Network Technology stocks generally rose, with Xiaomi Group (01810) up 6.18%, Meituan (03690) up 3.25%, Alibaba (09988) up 3.01%, JD Group (09618) and JD HEALTH (06618) rising over 2%. BOCOM INTL released a market outlook report, indicating that the Global economy is entering a phase of cyclical transition. It is expected that by 2025, the stock market will have both support and face disturbances, thus suggesting a balanced allocation. In the Internet Plus-Related industry, demand recovery is evident, and there is a Bullish outlook on quality platforms with attractive valuations. The effects of new policies promoting online and offline Consumer spending may manifest the quickest, it is projected that the bank will...
