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<Research>UBS Chops JD-SW (09618.HK) TP to US$58 as 1Q Results Beat
Recommend 20 Positive 29 Negative 18 |
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JD-SW (09618.HK) (JD.US)'s 1Q25 results beat expectations, with revenue increasing by 16% YoY, 4% ahead of anticipation, UBS released a research report saying. UBS estimated that JD-SW's share price will remain volatile in the short term, as investors understand the financial impact of food delivery investments. The broker lowered its 2025-2027 EPS forecasts for the Group by 8-25%, and correspondingly chopped its target price from US$67 to US$58, with rating reiterated at Buy. The broker also believed that JD-SW's active investment will inevitably exert certain operational pressure on MEITUAN-W (03690.HK), with a daily delivery volume of 20 million. AASTOCKS Financial News Website: www.aastocks.com |
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