＜Research＞Macquarie Cuts JD LOGISTICS (02618.HK) TP to $9.5, Rating Outperform

AASTOCKS

2024-07-12 12:06

Macquarie released a research report maintaining a positive view on JD LOGISTICS (02618.HK)'s 2Q24 results, and expecting the Company to take more...

　　Macquarie released a research report maintaining a positive view on JD LOGISTICS (02618.HK) +0.150 (+1.769%) Short selling $5.22M; Ratio 24.393% 's 2Q24 results, and expecting the Company to take more effective cost-control measures to drive margin expansion.

　　Macquarie forecasted JD LOGISTICS to post an adjusted net profit of RMB1.2 billion in 2Q24, with its adjusted net profit margin expanding slightly to 2.7%.

　　In addition, Macquarie lowered its FY2024/ FY2025 earnings forecasts for JD LOGISTICS by 3%/ 7% each to reflect the uncertainty in the outlook for external customers. Macquarie also cut its target price from $9.9 to $9.5, with rating kept at Outperform.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-12 12:25.)

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