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<Research>Daiwa Lifts JD-SW (09618.HK) TP to $175, Keeps Buy Rating
Recommend 8 Positive 22 Negative 5 |
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Daiwa issued a research report saying that, although JD-SW (09618.HK)'s revenue mix shift to general merchandise exerts margin pressure on its operating profit, this is likely to be offset by higher revenue contribution from its advertising business. The broker raised its 2026-2028 EPS forecasts for JD-SW by 1% to reflect better-than-expected revenue growth in general merchandise and advertising businesses. Therefore, Daiwa reiterated rating at Buy on the Company, and lifted its target price from $172 to $175. Auto-translated by AI AASTOCKS Financial News |
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