Latest Search
Quote
Back Zoom + Zoom - | |
<Research>Nomura Upgrades JD LOGISTICS (02618.HK) to Buy, Raises TP to $16.5
Recommend 19 Positive 41 Negative 12 |
|
JD LOGISTICS (02618.HK) will be included by BABA-W (09988.HK)'s Taobao and Tmall as a logistics option for their merchants from mid-October, Nomura released a research report saying. The broker believed that the logistics cooperation will give JD LOGISTICS access to mid-to-high-end merchants on the Taobao and Tmall platforms and relative price competitiveness in express services, thereby boosting JD LOGISTICS' express revenue. Nomura raised its FY2024/ FY2025 adjusted net profit forecasts for the Group by 14%/ 17% each, reflecting higher revenue forecasts and higher net profit margin projections. The broker upgraded the Group from Neutral to Buy, and raised its target price from $10.3 to $16.5. AAStocks Financial News |
|