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<Research>UBS Expects JD.com 3Q Adj. NP to Surge 13% YoY to RMB12.1B, Beating Consensus
Recommend 12 Positive 19 Negative 3 |
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UBS has released a report predicting that JD.com (JD.US) (09618.HK) will see a 4.7% YoY growth in 3Q revenue, accelerating from a 1.2% YoY increase in 2Q. Benefiting from the government's trade-in campaign that boosted September sales, revenue from electronics and home appliances is expected to return to positive YoY growth. General merchandise sales, meanwhile, are projected to climb 9% YoY during the quarter. The broker forecast JD.com's quarterly adjusted operating profit to touch RMB11.3 billion, roughly flat YoY, while its adjusted operating profit margin will drop 0.2 ppts YoY to 5%. The group's overall adjusted net profit is estimated to surge 13% YoY to RMB12.1 billion, exceeding the market expectation of RMB11.3 billion. AAStocks Financial News |
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