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<Research>CICC Lifts JD.com (JD.US)'s TP to USD36, Expects 1Q26 Non-GAAP NP RMB5.97B
Recommend 12 Positive 16 Negative 9 |
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CICC has issued a report forecasting that JD-SW (09618.HK) will record a YoY increase of 4.5% in 1Q26 revenue to RMB314.6 billion, while non-GAAP net profit will decline by 53% YoY to RMB5.97 billion, implying a non-GAAP net margin of 1.9%. Meanwhile, JD Retail's 1Q26 performance is expected to broadly align with CICC's estimates, with sales of electronics and home appliances under pressure, while general merchandise categories will likely maintain relatively fast double-digit growth. CICC has kept an Outperform rating on JD.com (JD.US) and, taking market sentiment into account, raised its target price by 9% to USD36. Auto-translated by AI AASTOCKS Financial News |
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