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<Research>UOB Kay Hian Adds JD-SW's TP to $200, Anticipates Vigorous Growth Last Qtr
Recommend 10 Positive 23 Negative 4 |
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According to a report from UOB Kay Hian, JD-SW (09618.HK) raised its revenue growth guidance for 4Q24 from 6% to 9% and to RMB333.8 billion, marking an acceleration from the 5% growth in 3Q24, beating the broker's expectations. Of which, JD-SW's retail revenue growth during the quarter will outpace the company's overall growth, with JD Retail's operating profit guidance raised to RMB8.7 billion, up 20% YoY, slightly slower than the GMV growth, primarily due to the faster GMV growth of first-party sales compared to third-party sales. The broker kept a Buy rating on JD-SW, with a target price raised from $197 to $200. AAStocks Financial News |
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