Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Business

Anusuya Lahiri

Mizuho Remains Bullish On JD Post Q1 - Read Why

JD Mizuho James Lee Alibaba Covid-19 JPMorgan Nasdaq Internet Supply chain

Mizuho analyst James Lee maintained a Buy on JD.com, Inc (NASDAQ:JD) with a price target of $90 (75% upside).
JD beat top line and margins due to its competitive advantage in supply chain and logistics, which enabled the company to gain share.
The COVID lockdown impact in 2Q22 was more than Lee's expectation at 5% YoY growth, three points below Lee's prior estimate as the company is over-indexed to top-tier markets.
Also Read: Here's Why JPMorgan Upgraded Alibaba, Other Chinese Stocks Months After Calling Them 'Uninvestable'
However, management initiated cost-containment efforts to mitigate risks and saw OPI be stable compared to last year and more or less in line with Lee's estimate.
With COVID a short-term headwind, Lee maintained FY24 EBITDA of 51 billion RMB.
Lee maintained JD as a top pick in China Internet and PT at $90, based on SOTP and representing 9x FY24 Core retail EBITDA.
Price Action: JD shares traded lower by 5.18% at $50.89 on the last check Wednesday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Factchecking the US vice-presidential debate

Factchecking the US vice-presidential debate

Follow for fact-checking updates on statements made during the Walz and Vance debate and where they fell short

The Guardian - US

FAA requires investigation of anomaly on SpaceX's Crew-9 astronaut launch

FAA requires investigation of anomaly on SpaceX's Crew-9 astronaut launch

The U.S. Federal Aviation Administration is requiring an investigation of the anomaly a SpaceX Falcon 9 rocket experienced during the Crew-9 astronaut launch on Sept. 28.

Trump makes last effort to keep hidden January 6 case evidence before election

Trump makes last effort to keep hidden January 6 case evidence before election

Prosecutors asked permission to file public version of brief with references to testimony from Trump’s closest aides

The Guardian - US

Targeted support could reduce infant mortality gap across England, study finds

Targeted support could reduce infant mortality gap across England, study finds

Researchers say interventions could address key factors, such as smoking, but ‘structural changes’ also needed

The Guardian - UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

JD Vance Wins Coin Toss, Will Go Second In Debate

JD Vance Wins Coin Toss, Will Go Second In Debate

JD Vance and Tim Walz to debate on CBS with strict rules and format. No studio audience, timed responses, and no pre-written notes allowed.

NASCAR makes three changes to prevent airborne crashes at Talladega

NASCAR makes three changes to prevent airborne crashes at Talladega

NASCAR's ongoing battle to keep cars on track instead of airborne continues ahead of this weekend's Cup race at Talladega Superspeedway. Early this week, the series' sanctioning body was considering a drastic change that would have put a shark fin-like piece running down the entire length of the greenhouse on…

Related Stories

Top stories on inkl right now

Factchecking the US vice-presidential debate

Factchecking the US vice-presidential debate

Follow for fact-checking updates on statements made during the Walz and Vance debate and where they fell short

The Guardian - US

FAA requires investigation of anomaly on SpaceX's Crew-9 astronaut launch

FAA requires investigation of anomaly on SpaceX's Crew-9 astronaut launch

The U.S. Federal Aviation Administration is requiring an investigation of the anomaly a SpaceX Falcon 9 rocket experienced during the Crew-9 astronaut launch on Sept. 28.

Trump makes last effort to keep hidden January 6 case evidence before election

Trump makes last effort to keep hidden January 6 case evidence before election

Prosecutors asked permission to file public version of brief with references to testimony from Trump’s closest aides

The Guardian - US

Targeted support could reduce infant mortality gap across England, study finds

Targeted support could reduce infant mortality gap across England, study finds

Researchers say interventions could address key factors, such as smoking, but ‘structural changes’ also needed

The Guardian - UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

JD Vance Wins Coin Toss, Will Go Second In Debate

JD Vance Wins Coin Toss, Will Go Second In Debate

JD Vance and Tim Walz to debate on CBS with strict rules and format. No studio audience, timed responses, and no pre-written notes allowed.

NASCAR makes three changes to prevent airborne crashes at Talladega

NASCAR makes three changes to prevent airborne crashes at Talladega

NASCAR's ongoing battle to keep cars on track instead of airborne continues ahead of this weekend's Cup race at Talladega Superspeedway. Early this week, the series' sanctioning body was considering a drastic change that would have put a shark fin-like piece running down the entire length of the greenhouse on…

Our Picks

Why Dancing with the Stars season 33 is not on tonight, October 1

Here's why Dancing with the Stars is not on tonight, October 1.

Jennifer Aniston Settles The Viral Debate On True Color Of Her Iconic Friends Dress

"For the record, the dress was mint green." The post Jennifer Aniston Settles The Viral Debate On True Color Of Her Iconic Friends Dress first appeared on Bored Panda.

Lady Gaga's Dramatic Celine Cape Dress and Sky-High Pumps Are a Nod to Her Wild Fashion Past

Mother Monster is very much back.

“I Pray For The Victims”: Kendra Wilkinson’s “Insensitive” Comments About Diddy Parties Spark Outrage

"I pray for the victims." Playboy model Kendra Wilkinson is forced to apologize for “insensitive” comments made about her time attending Sean “Diddy” Combs' parties. The post “I Pray For The Victims”: Kendra Wilkinson’s “Insensitive” Comments About Diddy Parties Spark Outrage first appeared on Bored Panda.

California Bans Schools From Serving Froot Loops, Other Artificially Colored Food

A 2021 state study linked the dyes to 'adverse neurobehavioral effects, such as inattentiveness, hyperactivity and restlessness in sensitive children'

International Business Times

Frankie Valli speaks out against claims he is the victim of elder abuse

The 90-year-old Four Seasons singer makes statement after fan concern following viral videos of recent performances

The Guardian - US

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play