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Daiwa raised jd.com's target price to HK$210, with further potential for valuation reassessment.
Daiwa's report states that there is a huge room for re-rating potential for jd.com (09618.HK) and believes that the company will benefit from the policy of trading in old for new. The firm reiterated a buy rating for jd.com, with the target price raised from 157 Hong Kong dollars to 210 Hong Kong dollars, equivalent to a forecast pe ratio of 9 times (previously 6 times); taking into account the increased consumer spending due to the wealth effect, raising the transaction amount of commodities from 2025 to 2026, increasing the earnings per share forecast for the same period by 6% to 7% to reflect operational leverage and lower-than-expected marketing expenses.
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US MOVERS&SHAKERS Sep 30-Oct 04, 2024
151690898 : h h h h h h h h h h h h
scarlight : hmm, funny, so someone actually trusts Jim Cramer without understanding at the time Walmart needed cash
102481566 scarlight : Exactly