Gelonghui, May 17 | Bank of China International published a research report showing that JD's profit for the first quarter of this year increased 17.2% year-on-year due to the resumption of growth in FMCG products and the acceleration of logistics service revenue. Furthermore, the sales situation in April initially showed steady year-on-year growth in the second quarter of this year, and 618 sales will truly test market sentiment. The bank believes that JD has a good logistics service network, which will put it in an advantageous position to benefit from the trade-in plan. The bank reaffirmed the Group's “buy” rating, and the target price was raised from $39.9 to $41.9.
大行评级｜中银国际：上调京东目标价至41.9美元 重申“买入”评级
Bank Ratings | Bank of China International: Raising JD's Target Price to $41.9 to Reiterate “Buy” Rating
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