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<Research>UOB Kay Hian Initiates Coverage on JD LOGISTICS (02618.HK) w/ Rating Buy, TP $18.72
Recommend 22 Positive 33 Negative 14 |
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As a leading integrated supply chain and premium e-commerce logistics service provider in China, JD LOGISTICS (02618.HK) is expected to benefit from potential domestic consumption growth in China, UOB Kay Hian released a research report saying. After achieving a convincing results rebound in 1H24, JD LOGISTICS anticipated a core earnings CAGR of 9.3% from 2025 to 2027. The collaboration with BABA-W (09988.HK) is a significant positive factor that may expand the company's growth avenues and solidify its leadership in the premium e-commerce logistics market. The broker initiated coverage on JD LOGISTICS (02618.HK) with a TP of $18.72 and a Buy rating. AAStocks Financial News |
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