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JD.com-SW (09618) rose more than 4% in Hong Kong stocks, with overnight US stocks up nearly 7%. Credit Suisse initiated a “buy” rating.
JD.com Group-SW (09618) rose more than 4%, as of press time, up 4.68%, at HKD 111.8, with a turnover of HKD 0.528 billion.
Jefferies Financial: Expects JD.com's Q2 net income under non-GAAP to increase by about 17%, maintaining the target price of HKD 41 for H-shares.
Jefferies Financial released a research report stating that JD.com's steady execution in terms of return on investment has led the bank to raise its forecast for JD.com's retail operating profit and overall profitability. The bank expects that JD.com's quarterly active users will maintain strong growth momentum in the second quarter of this year, and the total transaction volume (GMV) of supermarket products is expected to maintain double-digit year-on-year growth, while total revenue is expected to grow by about 1% year-on-year. In terms of segmented business, the bank expects JD.com's retail revenue to grow by about 1% year-on-year, and its non-GAAP operating profit margin to also show year-on-year growth. At the group level, the bank expects non-GAAP net income to
Market Chatter: Xiaomi Denies Violating Gree's Smart Electric Fan Patent
Xiaomi (HKG:1810) said it did not directly infringe on Gree Electric Appliances' (SHE:000651) patent for a smart electric fan, a supplier the phone maker invested in did, Yicai Global reported
Orient Securities: high-quality development with emphasis on shareholder returns and long-term value highlight of internet plus-related industry allocation.
According to a research report released by Orient Securities, the internet plus-related sector is a preferred sector for long-term capital entry, and the long-term development logic of the industry coincides with the specific requirements of the new national guideline on "high-quality development" and "improving investment value".
Express News | PDD Holdings Down 1.8%, NetEase Down 1.3%, Baidu Down 0.9%
Express News | Li Auto Down 2.0%, JD.com Down 1.8%, NIO Down 1.5%, Xpeng Down 4.3%
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