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<Research>CLSA Keeps Rating at Outperform for JD.com (JD.US), Expects Strong Rev. Growth
Recommend 15 Positive 22 Negative 9 |
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CLSA released a research report predicting that JD-SW (09618.HK)(JD.US)'s 2Q25 revenue will hike by 15.9% YoY to RMB338 billion, primarily benefiting from the strong performance at the "618" shopping festival. Driven by trade-in subsidy policies and traffic growth, sales of electronics and general merchandise are expected to achieve double-digit incline. Adjusted EBIT for 2Q25 is also estimated to decline by 66% YoY to RMB4 billion, mainly due to potential losses from new businesses such as food delivery, which may expand to RMB10 billion. CLSA lowered its 2025/ 2026 adjusted net profit forecasts for JD-SW by 41%/ 21% each, and dropped its target price for JD-SW's US stock from US$45 to US$41, with rating kept at Outperform. AASTOCKS Financial News Website: www.aastocks.com |
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