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According to a research report, CICC predicts that JD Group's retail revenue performance in the third quarter will be steady. The Group's third-quarter revenue will increase 3.5% year over year to 309.5 billion yuan. Non-GAAP net profit is expected to increase 41% year over year to 8.16 billion yuan, and the non-GAAP net interest rate will reach about 2.6%; the bank maintains JD's “outperforming the industry” rating and target price of 36 US dollars.
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According to a research report, CICC predicts that JD Group's retail revenue performance in the third quarter will be steady. The Group's third-quarter revenue will increase 3.5% year over year to 309.5 billion yuan. Non-GAAP net profit is expected to increase 41% year over year to 8.16 billion yuan, and the non-GAAP net interest rate will reach about 2.6%; the bank maintains JD's “outperforming the industry” rating and target price of 36 US dollars.
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