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Dahua Jixian released a research report saying that JD Group-SW is expected to announce its results for the third quarter of this year in mid-November. Revenue is expected to increase 3.5% year over year to 309.6 billion yuan, which is generally in line with market expectations, and is mainly supported by JD retail's return to positive growth. The bank maintains a “buy” rating for JD H shares, maintaining a target price of HK$148 and a target price of $38 for JD US shares.
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Dahua Jixian released a research report saying that JD Group-SW is expected to announce its results for the third quarter of this year in mid-November. Revenue is expected to increase 3.5% year over year to 309.6 billion yuan, which is generally in line with market expectations, and is mainly supported by JD retail's return to positive growth. The bank maintains a “buy” rating for JD H shares, maintaining a target price of HK$148 and a target price of $38 for JD US shares.
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