[Brokerage Focus] GTJA Raises jd.com Group (09618) Target Price by 6%, Expects Q3 Net Income Growth to Exceed Expectations.
Jingwu Financial News | gtja released a research report indicating that in FY24 Q3, jd.com (09618) revenue increased by 5.1% year-on-year to 260.4 billion yuan, showing significant recovery compared to zero growth in Q2 year-on-year. Achieved a gross margin of 17.3%, a significant year-on-year increase of 0.7 percentage points, determined mainly by the increase in the proportion of high-margin general commodities in the retail commodity structure and the significant decline in the cost rate of the logistics sector. Non-GAAP net income rose by 29.3% year-on-year to 13.2 billion yuan, exceeding the expected 11.4 billion yuan. The report pointed out that under the old-for-new policy, the revenue growth has warmed up, leading to a net income that exceeded expectations. JD.com is effectively managing logistics cost control.
Barclays Maintains JD.com(JD.US) With Buy Rating, Maintains Target Price $50
[Brokerage Focus] Sealand maintains a 'buy' rating for jd.com (09618), indicating that its retail business will continue to benefit from the 'old-for-new' country subsidy policy.
Jinwu Financial News | Sealand has released a research report stating that jd.com (09618) announced that it achieved revenue of 260.4 billion yuan in Q3 2024 (YoY +5%, QoQ -11%); gross profit of 45 billion yuan (YoY +16%, QoQ -2%), operating profit of 12 billion yuan (YoY +29%, QoQ +15%), net income of 12.8 billion yuan (YoY +56%, QoQ -6%), net income attributable to the parent company of 11.7 billion yuan (YoY +48%, QoQ -7%), and Non-GAAP net income attributable to the parent company of 13.2 billion yuan (YoY +24%, QoQ -9.
JD.com Shares Poised for 50% Surge After Strong Q3, Say Analysts
Hong Kong stock movement | jd.com Group-SW (09618) rose over 4% as third-quarter profits exceeded expectations, institutions adjusted the company's overall profit forecast for the year.
jd.com Group-SW(09618) rose more than 4%, as of press time, up 4.22%, trading at 138.2 Hong Kong dollars, with a turnover of 0.893 billion Hong Kong dollars.
[Brokerage Focus] Bocom Intl maintains a buy rating on jd.com (09618), expects a 5.7% year-on-year increase in revenue for the fourth quarter.
Bocom Intl Research Report: JD.com (09618) Q3 2024 revenue met expectations, profits exceeded expectations. Revenue increased by 5% year-on-year, with electrical revenue rebounding under the trade-in policy, up 3% year-on-year, daily necessities revenue up 8%, and supermarkets/clothing categories achieving double-digit growth. Gross margin increased by 1.7 percentage points year-on-year, adjusted net income increased by 24% year-on-year, benefiting from supply chain capacity building, improved price competitiveness, and economies of scale. Retail revenue increased by 6% year-on-year, adjusted operation margin at 5.2%, unchanged year-on-year. Looking ahead to Q4, the bank expects revenue to increase year-on-year.
"One hand supporting two families," jd.com (JD.US/9618.HK) "growth flywheel" accelerates rotation.
With the introduction of a series of stimulus policies, china's assets have once again come back into the view of global investors.
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