JD.com Set for Stronger 4Q Revenue on China Policy to Boost Consumption -- Market Talk

Dow Jones01-20

0702 GMT - JD.com is expected to post higher revenue in 4Q, thanks to China's trade-in program to boost domestic consumption, especially for home appliances and electronic goods, Nomura says. The Chinese e-commerce giant's 4Q revenue from electronic goods likely rose 10% on year, accelerating from a 3% rise in the prior quarter, analysts Jialong Shi and Rachel Guo write in a note. Early Lunar New Year promotions probably helped its general merchandise revenue, which is expected to grow 10%, they add. The analysts maintain a buy rating on the U.S.-listed stock with a target price of US$50.00. JD.com's ADRs last closed 10% higher at US$39.00; its H shares are 6.5% higher at HK$156.30. (tracy.qu@wsj.com)

 

(END) Dow Jones Newswires

January 20, 2025 02:02 ET (07:02 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment