Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Haitong Int'l Expects JD LOGISTICS (02618.HK) to Post Stable Rev. Growth in 3Q w/ Rapid Profit Growth
Recommend 8 Positive 21 Negative 4 |
||||
|
||||
|
Haitong International released a research report expecting JD LOGISTICS (02618.HK)'s 3Q24 revenue to grow at a steady pace, with a rapid profit growth. Its 3Q24 revenue is expected to rise by 5-6% YoY to RMB44.1 billion to RMB44.5 billion, while non-IFRS net profit will range from RMB1.65 billion to RMB2 billion, representing a significant YoY incline. The broker forecasted JD LOGISTICS' full-year revenue to hike 5.6% YoY to RMB176 billion, with a non-IFRS net profit of RMB6.788 billion and a non-IFRS net profit margin of 3.9%. Haitong International believed that the incline in profit was mainly due to refined management and continuous improvement in operational efficiency. Therefore, Haitong International kept rating at Outperform on JD LOGISTICS, with a target price of $19.91 and a target PE ratio of 18x. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
