queenplaycasino| Macquarie: Raises Jingdong Logistics target price to HK$9.6 to maintain a "neutral" rating

2024-05-20

Macquarie published a report stating thatqueenplaycasino, Jingdong Logistics 'first-quarter results exceeded expectations, mainly benefiting from internal supply chain revenuequeenplaycasinoThe improvement was partly due to the recovery of sales in Jingdong's retail business and the lowering of transportation thresholds. The bank looks forward to improving Jingdong Logistics 'revenue structure and accelerating internal supply chain revenue growth. The bank is more optimistic about the company's profit prospects and raises its profit forecast, expecting an adjusted net profit margin of 2.2 per cent this year.queenplaycasino.4%, which is at the upper limit of the company's guidance range. The bank raised JD Logistics's net profit forecast by 16% for this year and next to reflect strong earnings prospects.

queenplaycasino| Macquarie: Raises Jingdong Logistics target price to HK.6 to maintain a "neutral" rating

The bank set its target price to 8queenplaycasino.3 Hong Kong dollars was upgraded to HK$9.6, maintaining a "neutral" rating.