Morgan Stanley: Maintains "Overweight" rating on JD-SW with a target price of HKD 200
JP Morgan released a research report stating that it maintains an "Overweight" rating on JD Group-SW, with a target price of HKD 200. JD's revenue in the last quarter increased by 13% year-on-year, exceeding the bank's and market forecasts; adjusted net profit rose by 34% year-on-year, and adjusted earnings per share increased by 40%, both higher than the bank's and market predictions. The bank stated that JD's last quarter performance was solid and better than expected, and it is anticipated that the stock price will respond positively. During the period, the group's revenue increased by 13% year-on-year, surpassing the bank's and market forecasts of 10% and 9% respectively; adjusted net profit rose by 34%; adjusted earnings per share increased by 40%, exceeding the bank's and market predictions by 18% and 20% respectively
According to the Zhitong Finance APP, JP Morgan has released a research report maintaining an "Overweight" rating on JD Group-SW (09618) with a target price of HKD 200. JD's revenue in the last quarter increased by 13% year-on-year, exceeding the bank's and market forecasts; adjusted net profit rose by 34% year-on-year, and adjusted earnings per share increased by 40%, both surpassing the bank's and market predictions. The bank stated that JD's performance in the last quarter was solid and better than expected, and it is anticipated that the stock price will respond positively. During the period, the group's revenue increased by 13% year-on-year, higher than the bank's and market forecasts of 10% and 9% respectively; adjusted net profit rose by 34%; adjusted earnings per share increased by 40%, exceeding the bank's and market forecasts by 18% and 20% respectively