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<Research>UBS Keeps Buy on JD.com (JD.US), Estimates Narrowed New Biz Loss in 1Q26
Recommend 7 Positive 10 Negative 5 |
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UBS has published a research report expecting JD-SW (09618.HK) to record revenue growth of 3% YoY in 1Q26. Specifically, retail revenue is expected to return to YoY growth of 1.5%, while the decline in electronics and home appliances revenue is likely to narrow to a YoY decrease of 9%, compared with a 12% decline in the previous quarter. General merchandise revenue should remain resilient, rising 13% YoY. As competition among food delivery platforms becomes more rational, UBS believes the pace of narrowing losses in JD-SW's new businesses may exceed expectations. The broker has given JD.com (JD.US) a target price of USD48 and a Buy rating. Auto-translated by AI AASTOCKS Financial News |
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