JD-SW (09618.HK) +2.700 (+2.013%) Short selling $383.57M; Ratio 20.241% (JD.US) 's 1Q24 revenue growth shows a recovery trend, with strong profit performance driving earnings to beat expectations by 20%, CMS issued a research report saying.
The Group is actively preparing for the 618 promotion, and emphasized the provision of differentiated value-added services for consumers, while policy support for the home appliance and long-term real estate markets offers potential upsides.
CMS elevated its target price from $142 to $169 (US$36 to US$43) on attractive valuation, higher potential shareholder returns than peers in the near term, and a gradual recovery in the Company's fundamentals.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-20 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
