Chinese Asset Sentiment Shows Signs of Recovery
Is the rebound trend of Hong Kong stocks established? The Hang Seng Index temporarily returned to 20,000 points, and the performance of Cryptos stocks is eye-catching.
① How do Institutions view the phenomenon of the Hong Kong stock market warming up? ② What news primarily drives the rising trend of pharmaceutical stocks?
Major bank rating | BOC International: Upgraded JD.com's Target Price to $56.8, making it the preferred choice in the e-commerce platform sector.
Bank of China International published a report stating that the mainland's appliance replacement subsidy program has expanded to small appliances, Air Conditioner, and mobile phones, enhancing the bank's confidence in JD.com. Considering JD.com's leading position in the electronics and home appliance sectors, the bank expects its revenue in the fourth quarter of last year to exceed expectations, with a year-on-year increase of 9%, higher than the market's anticipated increase of 6%. In addition, the bank expects JD.com's non-GAAP Net income in the fourth quarter of last year to also surpass market expectations. The bank mentioned that JD.com's current price corresponds to a forecast PE of 8.1 times, indicating a low valuation, combined with Shareholder returns, making JD.com a preferred stock in the e-commerce platform sector. The bank reiterated a "Buy" rating for JD.com.
[Brokerage Focus] China Merchants maintains a "Strong Buy" rating on JD.com (09618), bullish on its competitive strength in the powered market further solidifying.
Golden News | China Merchants published a Research Report stating that JD.com (09618) is expected to see total revenue increase by 9% year-on-year in Q4 2024, with JD.com retail revenue increasing by 9.8% year-on-year, exceeding Bloomberg's consensus expectations. GMV and revenue growth further warmed up compared to the previous quarter, mainly due to the boost from national subsidies, leading to an improvement in the growth rate of electronic products in Q4. Both the home appliance and computer categories achieved growth rates faster than retail sales. In addition, daily necessities are expected to continue the robust growth trend from Q3. For the entire year, total revenue is expected to increase by 5.6% year-on-year in 2024, with JD.com retail revenue increasing by 6.1% year-on-year. In 2025, national subsidies will continue and the categories of subsidized products will expand.
JD.com Should Book Stronger 4Q Topline -- Market Talk
J.P. Morgan: Given a "Shareholding" rating to JD-SW (09618) with a Target Price of 200 HKD, predicting that JD's revenue in the fourth quarter of last year will grow by 9.5% year-on-year.
JPMorgan expects JD-SW (09618) to outperform its peers in stock price over the next three to six months.
Hong Kong stocks fluctuating | JD-SW (09618) opened up more than 4% with the launch of a gift feature on the APP, the company is expected to benefit significantly from the national subsidy policy.
JD-SW (09618) opened more than 4% higher, and as of the time of this report, it has risen by 4.02%, trading at 152.6 Hong Kong dollars, with a transaction volume of 0.1 billion Hong Kong dollars.
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JD.com and Taobao both have self-operated stores that "raise prices first and then discount," which raises suspicions of deceiving national subsidies? The officials have not yet responded.
Sina Technology reported on January 18th in the afternoon that today, there are claims that on JD.com and Taobao e-commerce platforms, some products in "self-operated flagship stores" have been found to be "increased in price before being discounted," raising concerns that the real end consumers may not truly benefit from national subsidies, but instead, businesses and the platform may be obtaining improper profits from this. In response to this news, Sina Technology has inquired with the official representatives of JD.com and Taobao, but there has been no response as of the time of publication.
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Morgan Stanley Maintains JD.com(JD.US) With Hold Rating, Raises Target Price to $41
J.P. Morgan Maintains JD.com(JD.US) With Buy Rating, Maintains Target Price $50
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Liu Qiangdong joins the 'gift-giving war'.
Spring Festival promotion.
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JD.com Could Post Solid 4Q Results -- Market Talk