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<Research>Nomura Anticipates JD-SW 3Q Earnings/ JD LOGISTICS Results to Beat/ Meet Forecasts
Recommend 9 Positive 17 Negative 6 |
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Nomura has released a research report anticipating JD-SW's (09618.HK) 3Q25 revenue to grow by 14%, roughly in line with market expectations. However, JD-SW's non-GAAP net profit may slump by 67% YoY to RMB4.4 billion due to new business investments, even though its earnings may still exceed market expectations by 19% thanks to higher non-operating income. Nomura kept a Buy rating on JD-SW's US stock (JD.US) with a target price of USD43. As for JD LOGISTICS (02618.HK), Nomura predicted its 3Q25 revenue to grow by 20% YoY to RMB53 billion, accelerating from the 16.6% growth in 2Q25, and roughly in line with market expectations. The broker also projected the company's adjusted net profit before non-controlling interests to decline by 26% YoY to RMB1.9 billion, in line with market expectations. Nomura kept a Buy rating on JD LOGISTICS with a target price of HKD17. AAStocks Financial News |
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