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JD LOGISTICS Slides 5%+; Nomura Says Fuel Price Impact Manageable, Raises TP to HKD20
Recommend 6 Positive 5 Negative 5 |
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JD LOGISTICS (02618.HK) last traded at HKD14.34 this morning (15th), down 5.28%, with turnover of 5.5357 million shares, involving HKD80.2421 million. Nomura expected the organic revenue growth trend of JD LOGISTICS to sustain in 2Q26, coupled with contributions from instant delivery services, and forecast total revenue to grow 25% YoY in 2Q26. Management indicated that the impact of rising fuel prices accounted for less than 1% of revenue in April, which was relatively mild. The group can offset most of the pressure by deploying NEVs, optimizing logistics scheduling through AI, and negotiating cost pass-through with certain integrated supply chain customers. Nomura largely maintained its earnings forecasts for FY26 and FY27. In view of improved investment sentiment toward China's express delivery industry and easing price competition, the broker raised its TP from HKD18 to HKD20, and reiterated a Buy rating. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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