JD.com Logistics (02618.HK) reached a low of 11.94 yuan today, marking a three-month low, further filling the gap from the rise in late September. Currently reported at 11.98 yuan, down 6.84%, with a turnover of 8.6633 million shares, involving 0.107 billion yuan.

Morgan Stanley released a report, lowering the profit forecast for JD.com Logistics (02618.HK) for last year by 10%, reflecting increased investments. Considering the increased shareholding ratio after the acquisition of the remaining stake in Kuaixue Express, the profit forecasts for this year and next year have been raised by 2% and 5% respectively. The target price has been reduced from 13.1 yuan to 11.6 yuan. The rating is "In line with the market."

Citigroup also reduced the earnings forecasts for JD.com Logistics for 2024 to 2026 by 6%, 4%, and 2% respectively, reflecting the company's higher-than-expected investments. The bank slightly lowered the target price for JD.com Logistics from 19 yuan to 18 yuan, maintaining a "Buy" rating, citing low valuation and good momentum in first-party integrated supply chain business.