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<Research>G Sachs Adjusts TPs for JD LOGISTICS/ JD INDUSTRIALS to $18.7/ $17
Recommend 10 Positive 14 Negative 5 |
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Goldman Sachs issued a research report saying that it is encouraged by JD-SW (09618.HK)'s solid outlook commentaries, and anticipating growth reactivation and profit recovery in 2026. Despite the high base effect from the trade-in plan, JD Retail's revenue and profit declined as expected in 4Q25, but daily necessities business and advertising revenue achieved double-digit growth. JD Retail's profit performance was solid, and its 4Q25 loss in the delivery business narrowed from that in the previous quarter, a trend expected to continue into this year. Goldman Sachs noted that JD LOGISTICS (02618.HK) has an outlook better than expected, and reiterated that JD INDUSTRIALS (07618.HK), focusing on MRO procurement services, will maintain steady profit growth in FY2026. The broker continued to view JD-SW as a revaluation story, with rating/ target price kept at Buy/ $169. Goldman Sachs also added its target price for JD LOGISTICS from $17.4 to $18.7, and dropped its target price for JD INDUSTRIALS (07618.HK) from $19.6 to $17, with ratings at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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