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<Research>G Sachs Rates JD-SW as Buy; 3Q Rev. Growth Solid
Recommend 12 Positive 22 Negative 11 |
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According to a report from Goldman Sachs, JD-SW (09618.HK) achieved strong revenue growth of 15% YoY in 3Q25, 1% and 2% higher than the broker's and the market's forecasts, respectively. Its JD Retail even reached a record-breaking profit margin of 5.9%. In Goldman Sachs' opinion, JD Retail's profit was solid in 9M25, maintaining a YoY increase of 34%, surpassing the full-year level for FY24, which may prompt JD-SW to adopt an aggressive investment strategy in new growth areas. Goldman Sachs gave JD-SW a Buy rating and a target price of HKD174. AAStocks Financial News |
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