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<Research>CMS Elevates JD-SW (09618.HK) TP to $169 on Gradual Recovery amid Favorable Policies
Recommend 19 Positive 22 Negative 5 |
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JD-SW (09618.HK) (JD.US)'s 1Q24 revenue growth shows a recovery trend, with strong profit performance driving earnings to beat expectations by 20%, CMS issued a research report saying. The Group is actively preparing for the 618 promotion, and emphasized the provision of differentiated value-added services for consumers, while policy support for the home appliance and long-term real estate markets offers potential upsides. CMS elevated its target price from $142 to $169 (US$36 to US$43) on attractive valuation, higher potential shareholder returns than peers in the near term, and a gradual recovery in the Company's fundamentals. AAStocks Financial News |
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