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<Research>JPM Trims JD-SW's 4Q Rev. Growth Forecast to 1%
Recommend 5 Positive 3 Negative 4 |
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JPMorgan has released a report lowering its 4Q25 revenue growth forecast for JD-SW (09618.HK) from a YoY increase of 6% to 1%, reflecting that the company's weak home appliance sales in October and November are unlikely to recover in December. In JPMorgan's estimate, JD-SW's sales of electronics and home appliances for 4Q25 will decline by more than 10% YoY. Accordingly, the broker found it hard to believe that JD Retail's revenue growth will exceed the overall industry growth in online physical goods sales. AAStocks Financial News |
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