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<Research>Nomura Lowers JD-SW's TP to HKD144, Reduces Rev. & Profit Forecasts
Recommend 7 Positive 8 Negative 11 |
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Nomura has published a research report reducing its forecasts for JD-SW (09618.HK)'s revenue/ EPS for FY25/26 by 2%/ 9% and 6%/ 28% to reflect the slowdown in JD Retail's revenue growth and declining profit margins. The broker reiterated a Buy rating on JD-SW but lowered its target price from HKD150 to HKD144. The report also mentioned that JD Retail is facing multiple headwinds, including high base effects, reduced trade-in subsidies, and advanced consumption of electronic goods. Its revenue is expected to drop by 3.4% YoY in 4FQ. AAStocks Financial News |
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