[ET Net News Agency, 5 January 2021] Jefferies Research reinstated coverage on JD.com,
Inc. (09618) with a "buy" rating and a target price of HK$426.
The research house expects that JD to pursue a disciplined approach in spending backed
by ROI- focused strategies. Jefferies reaffirmed its positive outlook on JD with a proven
business model based on the best price and service strategy.
In December 2020, JD announced investments in Xingsheng and China Dili, as well as
exploring spin-off of cloud and AI to JD Digits and appointment of new CEO of JD Logistics
to capture future opportunities.
Jefferies estimated its 4Q 2020 revenue to grow 27% to about RMB217bn and Non-GAAP net
profit of about RMB1.5bn with non-GAAP net margin to reach 0.7%. (KL)
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09618 JD-SW
Nominal 
98.450 -0.300 (-0.304%) Research Report
05/01/2021 14:08
{I-bank focus}Jefferies restarts JD.com (09618) at HK$426
| Remark: | Real time quote last updated: 18/04/2024 10:41 |
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