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<Research>HSBC Research Slashes JD-SW's TP to HKD137; New Biz Investments Drag on Earnings
Recommend 6 Positive 12 Negative 8 |
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While sales of electronics and home appliances continue to face challenges that may drag on JD-SW (09618.HK) (JD.US)'s revenue into 2026, HSBC Global Research wrote in its report that it is increasingly confident in the company's general merchandise business, where the growth is driven by user expansion, particularly through cross-selling opportunities brought by food delivery services. HSBC Global Research has cut its target price for JD-SW from HKD144 to HKD137, implying an upside potential of around 38%. Based on the potential for earnings recovery and attractive valuation, the broker has also kept the Buy rating unchanged. AAStocks Financial News |
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