The report indicates that jd.com Group is expected to achieve a year-on-year revenue and adjusted net income growth of 4.6% and 21.8% in 2024, while also forecasting increases of 5.8% and 10% in 2025.
According to the report from bocom intl, based on a 13 times PE ratio in 2025, the target price for JD.com Group - SW (09618) Hong Kong stock has been raised by 36% from 159 Hong Kong dollars to 217 Hong Kong dollars, maintaining a 'buy' rating.
The report indicates that jd.com Group is expected to achieve a year-on-year revenue and adjusted net income growth of 4.6% and 21.8% in 2024, while also forecasting increases of 5.8% and 10% in 2025. Due to the trade-in policy in September, the bank expects a significant increase in jd.com Group's growth rate in September, along with accelerated growth driven by the turnover of commodities (GMV). Additionally, the bank believes that the start of singles' day sales may lead to mid single-digit growth in jd.com Group's self-operated revenue in the fourth quarter.
