JD.com Inc (ADR)
JD.com (JD): Our 4Q2020 Expectation Quite Different from Consensus
Equity Bottom-Up
327 Views, 25 Feb 2020 10:51
EXECUTIVE SUMMARY
- JD will release its 4Q2019 result on March 2.
- We believe EPS will be positive for 4Q2020 versus a negative number from the market consensus.
- We believe JD will not be significantly impacted by the epidemic.
- The price/sales band suggests the stock has an upside of 66% for the year end of 2020.
Our previous coverage on JD.com:
- JD.com (JD): Raised Goods Prices Significantly After Wuhan Was Sealed as Epicenter of Coronavirus
- JD.com (JD): External Logistics Service Improved Both Top Line and Bottom Line, 50% Upside
- JD.COM (JD): Record High Margin Since IPO, Stock Price Can Be Double
- JD.com (JD): Good to See Cost Control, 55% Upside
- JD.com (JD): Cancels Delivery Man’s Basic Salary, Adapts to Growth of Commission Business
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Ming Lu
Overseas Chinese Equities
Aequitas Research
A veteran with 19-year experience in equity research. Geographical coverage: * Companies operating in China, but listed...
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