GO
| HSI1 | 24,718.10 | +468.81 | 316.44B |
| HSCEI1 | 8,374.43 | +157.35 | 90.88B |
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2026-06-11 12:11:42 Goldman Sachs expressed optimism that JD-SW (09618.HK) will see accelerated revenue growth and a YoY recovery in earnings starting from 2H26, supporting a valuation re-rating. Given the high base in 2Q25 for electronics and home appliances, the broker expected JD Retail revenue to record a mid- to high-single-digit YoY decline in 2Q26. However, it noted that such negative factors have been largely priced in by investors. As sales of electronics and home appliances normalize, coupled with double-digit growth in general merchandise, Goldman Sachs estimated JD Retail growth to accelerate in 2H26. The broker maintained its Buy rating on JD-SW, with a TP of HKD169 and a TP of USD43 for JD.com, Inc. (JD.US). ~ AASTOCKS Financial News Website: www.aastocks.com | |