JD.com’s stock is soaring, with JD Group up 5%. Investment banks are optimistic.

Summary：On Monday (19th), Hong Kong stocks opened higher, with the tech index up 1.66%. JD.com, JD Logistics, and JD Health saw gains of over 5%, more than 3%, and nearly 2% respectively.

Due to JD.com's profitability significantly exceeding market expectations, various major investment banks have expressed optimism. Citibank noted that JD.com's second-quarter profit was significantly above expectations, and believes that if the old-for-new policy progresses faster than anticipated, it will further boost the company's stock price. Guosen Securities continues to maintain its "Outperform" rating; China International Capital Corporation mentioned in its research report that, given the better-than-expected improvement in JD Logistics' profit margin, it maintains an "Outperform" rating; BOC International upgraded JD Logistics' rating to "Buy," considering its current valuation to be below the industry average; Huatai Securities also maintains a "Buy" rating for JD Health, expecting its profits to grow steadily in 2024.

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The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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Written byTraderKnows

Created date:2024-08-19 02:21

Last Updated:2024-08-19 03:28

Independent Analysis: Manually researched and fact-checked by the TraderKnows Compliance Team, based on public regulatory records.

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