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| HSI1 | 26,369.34 | +21.43 | 211.91B |
| HSCEI1 | 8,872.15 | -10.22 | 66.60B |
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2026-05-13 10:58:10 JD LOGISTICS (02618.HK) delivered 1Q results slightly above market expectations, Citi said in a research report. Although rising fuel costs led to additional expenses, gross margin improvement offset the impact. The broker forecast organic revenue growth to continue into 2Q and accelerate in 2H as the comparison base for the Deppon business normalizes. Management noted that the proliferation in oil prices in 2Q resulted in additional costs equivalent to about 1% of total revenue, but Citi believed efficiency improvements can largely offset the impact. Taking into account the share buyback program and RMB appreciation, Citi raised its TP for JD LOGISTICS from HKD17 to HKD18 and maintained a Buy rating, while making slight adjustments to its earnings forecasts for 2026-28. Despite headwinds from oil prices and non-operating income, JD LOGISTICS valuation is not demanding and efficiency continues to improve, supporting a positive outlook, the broker opined. ~ AASTOCKS Financial News Website: www.aastocks.com | |