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<Research>UOB Kay Hian Keeps Buy on JD-SW with Lower TP; Rev. Outlook Still Stable
JD-SW (09618.HK) (JD.US) has maintained its double-digit revenue growth guidance for 2Q25, slightly exceeding expectations, according to UOB Kay Hian's research report.The mana...
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<Research>UOB Kay Hian Keeps Buy on JD-SW with Lower TP; Rev. Outlook Still Stable
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JD-SW (09618.HK)  +0.300 (+0.240%)    Short selling $119.95M; Ratio 10.683%   (JD.US)      has maintained its double-digit revenue growth guidance for 2Q25, slightly exceeding expectations, according to UOB Kay Hian's research report.

The management anticipates that the food delivery business will incur a loss of around RMB10 billion in 2Q, and that the company will ramp up its investment in 3Q due to the peak season and intense competition.

Related NewsCMBI Expects JD.com (JD.US) 2Q Adj. NP to Drop 68% YoY, Cuts TP to US$50
In light of the robust growth of the core e-commerce business, JD-SW's management remains confident in achieving double-digit revenue growth for the full year.

UOB Kay Hian kept a Buy rating on JD-SW but lowered its target price from HKD185 to HKD158.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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