Barclays Maintains JD.com(JD.US) With Buy Rating, Maintains Target Price $50
JD.com Shares Poised for 50% Surge After Strong Q3, Say Analysts
[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.
JD.com Options Spot-On: On November 15th, 120.62K Contracts Were Traded, With 1.98 Million Open Interest
JD.com Is Maintained at Buy by Citigroup
