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25505 JP-JDL @EC2503A (CALL)
RT Nominal unchange0.550 0.000 (0.000%)

15/10/2024 15:00

{I-bank focus}Nomura raises JD Logistics (02618) to HKD16.5

[ET Net News Agency, 15 October 2024] Nomura raised the target price for JD Logistics
(02618) to HKD16.5 from HKD10.3 and upgraded the rating to "buy" from "neutral".
The research house said it raises FY24/25F adjusted net profit by 14%/17%, factoring in
higher NPM assumptions and revises up FY25F revenue by 4% mainly factoring in high revenue
from foray into the Taobao and Tmall platform. (rc)

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