BofA Securities Maintains JD.com(JD.US) With Buy Rating, Cuts Target Price to $48
[Brokerage Focus] BOCOM INTL expects steady growth for e-commerce platforms in the first quarter.
Jinwu Financial News | BOCOM INTL released the monthly report on the Internet Industry, stating that the adjusted year-on-year growth of physical e-commerce online retail sales in Q1 2025 is 5.7%, with growth rates of 5.0% in January-February and 6.9% in March respectively. In terms of categories, the increase in national subsidies for products has accelerated the growth of communication equipment compared to Q4; the demand for home appliances has slowed down due to advance release at the end of last year, but demand has been recovering month by month since the start of the home decoration season, with growth in March accelerating compared to January-February. The bank maintains its previous views, noting that the cancellation of tax exemptions for small packages negatively impacts the profitability of low-value-added categories, logistics costs, and customs clearance cycles, and suggests paying attention to the platforms.
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Huaxi: The incremental engine of e-commerce is the instant retail industry embracing the new blue ocean of the sinking market.
The instant retail Industry is currently experiencing rapid growth, with platform-based Meituan Flash Purchase, front warehouse Dingdong, and Pupu Supermarket gradually becoming profitable. The Industry is about to enter a "dual phase of scale expansion + profit realization."
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Express News | Shares of US-listed Chinese Companies Are Trading Lower Following a Report Suggesting That US Treasury Secretary Bessent Wants to Pressure Trading Partners to Limit China's Involvement in Their Respective Economies. Hongkong Post Plans to Suspend...
Express News | Ishares MSCI China ETF Down 1.7%, Ishares China Large Cap ETF Down 2.1%, Kraneshares CSI China Internet ETF Down 2.9%
Express News | JD.com Down 4.6%, Li Auto Down 4.1%, NIO Down 4.6%, Xpeng Down 4.2%
JD.com Is Maintained at Buy by B of A Securities
JD.com Price Target Cut to $48.00/Share From $51.00 by B of A Securities
JD.com Analyst Ratings
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Market Chatter: JD.com Founder Calls for Profit Sharing at Food Takeout Unit
Market Chatter: Meituan to Invest 100 Billion Yuan in Food and Beverage Sector
JD.com and Meituan are directly confronting each other.
Seize the instant retail market.
As the market warms up, Chinese concept stocks are facing a dual choice, and the Hong Kong market may return to being the center of IPOs.
① In the changing landscape of Global trade, Hong Kong, as an international financial center, will welcome a new development scenario, implementing various measures to strengthen its unique market position as a "super connector"; ② Foreign Analysts point out that the delisting risk faced by Chinese concept stocks may lead Hong Kong to become an IPO center once again; ③ It is worth noting that, under the delisting risk for Chinese concept stocks, a choice will be made between returning to the A-share or Hong Kong stock market.
[Brokerage Focus] Guosen maintains the "Outperform" rating on JD.com (09618), stating that the company continues to benefit from the national subsidy policy for replacing old products with new ones.
Jingu Financial News | Guosen has released a Research Report stating that JD.com (09618) will soon publish its Earnings Reports for the first quarter of 2025. The firm expects a year-on-year revenue growth of +12% for Q1 2025. Among them, JD.com Retail, JD.com Logistics, and new businesses are expected to grow by +13%, +9%, and +5%, respectively. JD.com Retail is anticipated to achieve a year-on-year revenue growth of +14%, with Commodity revenues from electronics and daily necessities both achieving double-digit growth, while the electronics category benefits from national subsidies accelerating even faster. In terms of GMV, the firm expects growth to be slightly weaker than revenue growth, mainly due to the high growth of the electronics category, which is primarily in the 1P model and occupies a larger share of the revenue structure. The monetization of the 3P business.
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What Does the Market Think About JD.com?