JD.com Inc (ADR)

JD.com (9618 HK): To Keep Revenue at Any Cost

Equity Bottom-Up
328 Views, 12 May 2022 18:18
EXECUTIVE SUMMARY
  • JD is facing a severe logistics problem due to the lockdowns in many cities of China.
  • We believe JD is trying to secure its revenue no matter how large the fulfillment expense is.
  • We believe the stock has a downside of 22% for the year end 2022.
detail (3-minute read)
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Ming Lu
Overseas Chinese Equities
Aequitas Research
ChinaInformation TechnologyEquity Bottom-UpThematic (Sector/Industry)

A veteran with 19-year experience in equity research. Geographical coverage: * Companies operating in China, but listed... 

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