JD.com Should Book Stronger 4Q Topline -- Market Talk

Dow Jones01-20

0629 GMT - JD.com's 4Q revenue growth may strengthen thanks to the government's trade-in program, HSBC Global Research analysts write in a note. As the government extended its trade-in program and expanded it to consumer electronics, JD. com will continue to benefit from the policy this year, they say. Since better user traction can enhance fast-moving consumer goods demand and marketplace monetization can continue to ramp up, the company's revenue could see further growth, they add. HSBC Global Research expects JD.com to book 10.5% higher revenue in 4Q 2024 at CNY338 billion. The brokerage maintains buy rating on the ADRs and a target price of $53.00. Its ADRs last closed at $39.00.. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

January 20, 2025 01:29 ET (06:29 GMT)

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HSBC Global Research expects JD.com to book 10.5% higher revenue in 4Q 2024 at CNY338 billion. The brokerage maintains buy rating on the ADRs and a target price of $53.00. Its ADRs last closed at $39.00.. 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As the government extended its trade-in program and ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00005","symbol_name":"汇丰控股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2504269274","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2504269274","pubTimestamp":1737354540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0629 GMT - JD.com's 4Q revenue growth may strengthen thanks to the government's trade-in program, HSBC Global Research analysts write in a note. As the government extended its trade-in program and expanded it to consumer electronics, JD. com will continue to benefit from the policy this year, they say. Since better user traction can enhance fast-moving consumer goods demand and marketplace monetization can continue to ramp up, the company's revenue could see further growth, they add. HSBC Global Research expects JD.com to book 10.5% higher revenue in 4Q 2024 at CNY338 billion. The brokerage maintains buy rating on the ADRs and a target price of $53.00. Its ADRs last closed at $39.00.. 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As the government extended its trade-in program and expanded it to consumer electronics, JD. com will continue to benefit from the policy this year, they say. Since better user traction can enhance fast-moving consumer goods demand and marketplace monetization can continue to ramp up, the company's revenue could see further growth, they add. HSBC Global Research expects JD.com to book 10.5% higher revenue in 4Q 2024 at CNY338 billion. The brokerage maintains buy rating on the ADRs and a target price of $53.00. Its ADRs last closed at $39.00.. 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