bearish
[JD Logistics, Inc. (2618 HK) Earnings Preview]: JDL Absent from JD and Douyin Strategies
402 Views15 Apr 2023 08:29
We expect JDL to report C1Q23 net revenue in-line with cons., and non-IFRS net margin lower than cons. by (0.5ppts). We maintain JDL’s SELL rating and cut its TP to HK$ 9.2.
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Blue Lotus Research Institute
China growth and global non-US Internet equities
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