UOB Kay Hian has released a research report predicting that JD-SW (09618.HK) +3.700 (+2.981%) Short selling $166.34M; Ratio 32.167% (JD.US) will maintain steady revenue growth in 3Q25, but the growth rate may slow from 22.4% in 2Q25 to the low teens due to a high base in the same period last year.According to management guidance, 3Q25 will see a reduction in investment intensity in JD-SW's food delivery business, while order volume is expected to increase. It is also believed that the Double Eleven promotional activities in 4Q25 will further enhance cross-channel synergy between retail and delivery services.Related NewsCMSI Expects JD.com (JD.US) Last Q Food Delivery Biz Loss to Narrow QoQ w/ Rating OverweightUOB Kay Hian kept a Buy rating for JD-SW and mildly raised its target price from HKD166 to HKD167.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-10-20 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)