Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Haitong Int'l Expects JD-SW (09618.HK) to See New Biz Loss Expansion This Quarter w/ TP $167; Rating Kept at Outperform
Recommend 11 Positive 19 Negative 11 |
||||
|
||||
|
JD-SW (09618.HK)'s 2Q25 revenue increased by 22.4% YoY, the highest growth rate in 3 years, according to Haitong International's research report. During the period, its gross profit margin rose by 0.12 ppts YoY to 15.88%, while its retail gross profit margin achieved YoY growth for 13 consecutive quarters, reflecting continuously improving operational efficiency. It is expected that there is further room for improvement in gross profit margin. Moreover, JD-SW's non-GAAP net profit for the period fell by 49% YoY to RMB7.4 billion, mainly due to investments in the food delivery business. The broker believed that the order volume will increase, and new business losses may continue to expand, considering that 3Q25 is usually peak season for food delivery. Haitong International lowered its 2025-2027 non-GAAP net profit forecasts for JD-SW to RMB26.5 billion/ RMB40.4 billion/ RMB54.1 billion each, with a target price of $167, and rating kept at Outperform. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
