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M Stanley: JD LOGISTICS Annual Results Largely in Line; No Plans for Shareholder Return
2025-03-07 14:13:47
According to a report from Morgan Stanley, JD LOGISTICS (02618.HK)'s 2024 results were largely in line with expectations.

Excluding the contributions from Deppon and Kuayue, Morgan Stanley estimated the company's core supply chain net profit margin to slightly contract YoY in 4Q24.

The broker kept an Equalweight rating on JD LOGISTICS with a target price of $11.6. According to management, no plans have been made for shareholder return.
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