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<Research>M Stanley Upgrades JD LOGISTICS to Overweight, Raises TP to HKD16.2; Valuation Attractive
Recommend 6 Positive 3 Negative 3 |
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While JD LOGISTICS (02618.HK) is expected to achieve strong growth in 2026 partly thanks to the base effects, it is believed that profitability trends will be the main driver of its valuation, Morgan Stanley wrote in its research report. In Morgan Stanley's estimate, JD LOGISTICS' net profit margin will rise from 3.6% in 2025 to 3.7% in 2026 and even further to 3.8% in 2027. The broker has lifted its 2026-27 EPS forecasts for JD LOGISTICS by 11% and 15% respectively. Morgan Stanley has elevated its target price for JD LOGISTICS from HKD12.8 to HKD16.2. Considering the attractive valuation, the broker has also upgraded the rating from Equalweight to Overweight. AAStocks Financial News |
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