JD.com ADS (N Shares)

  • TickerJD
  • ISINUS47215P1066
  • ExchangeNASDAQ Stock Market
  • SectorGeneral Retailers
  • CountryUnited States
Tian Hou

T. H. Data Flash - JD.com, Inc. – May & 2Q20E: Satisfying Pent-Up Demand In 2Q20 With Merchant Discounts, Platform Subsidizations And Live Streaming

We are positive on JD’s 2Q20 performance. China’s e-commerce in 2Q20 is an especially positive quarter as a result of: 1) Deep-discounts from merchants as well as subsidizations from e-commerce platforms was an outlet for consumers’ pent-up demands; 2) Live streaming increased the reach out rate and conversion rate. For live streaming, JD not only formed a partnership with Kwai (one of the two major short video platforms in China), but also set up its own live streaming function as well as teamed up with other platforms including TikTok, Huya (HUYA, $23.66, NR), and Douyu (DOYU, $12.98, NR) fo...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Upgrading Discretionary, Downgrading Staples New developments outlined in today's report are of the bullish variety. The way we see it, the positives continue to heavily outweigh the negatives. With positive new developments and essentially nothing new to be worried about, our view remains bullish. Buy the dips. · Sector Relative Strength Rankings & Weighting Recommendations. We are upgrading Discretionary to overweight; RS on the cap-weighted Sector (XLY) is breaking out to all-time highs. Additionally, we are downgrading Consumer Staples to underweight; RS is breaking below major s...

With a more favourable environment, JD.COM improves to Slightly Positive

JD.COM (US), a company active in the Broadline Retailers industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date June 19, 2020, the closing price was USD 58.64 and its potential was estimated at USD 62.66.

UOB
Julia Pan Mengyao

JD.com (JD US): Secondary listing in Hong Kong.

JD.com has announced its secondary listing in Hong Kong, which is scheduled to be listed as early as 18 Jun 20 (ticker: 9618 HK). The offer size is estimated at HK$31.4b with a maximum offer price of HK$236/share and 133m shares, representing 5.3% of the total number of existing shares outstanding. We maintain BUY with target price raised to US$66.00 from US$56.00.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

The Only Thing We Have To Fear Is Fear Itself This powerful quote from FDR can be applied to many facets of life. When it comes to the market, fear can lead investors to buy when it is time to sell, sell when it is time to buy, or freeze up altogether. Step one in conquering this issue starts with preparation and a gameplan. In our report from last Thursday (3/12) titled “Searching For A Bottom” we laid out our gameplan and what we need to see before having confidence that equity markets are bottoming. Below we provide new data points and observations. Yes, equities remain deeply oversold and...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

The Only Thing We Have To Fear Is Fear Itself This powerful quote from FDR can be applied to many facets of life. When it comes to the market, fear can lead investors to buy when it is time to sell, sell when it is time to buy, or freeze up altogether. Step one in conquering this issue starts with preparation and a gameplan. In our report from last Thursday (3/12) titled “Searching For A Bottom” we laid out our gameplan and what we need to see before having confidence that equity markets are bottoming. Below we provide new data points and observations. Yes, equities remain deeply oversold and...

GMR Weekly Notes - 19 March 2018

Markets This Week: Stocks: Nvidia (NVDA); Amazon (AMZN); Netflix (NFLX); Visa (V); Allegan (AGN); JD.com (JD); PetroChina (PTR) Forex: NZDUSD; CADJPY; AUDJPY; USDTHB Rates: 5s/10s; 5s/30s; Gilts (GUKG10) Commodities: Copper (HG1)

Dave Nicoski

2018 EM Outlook: Bullish, led by BRIC and Asia

2018 EM Outlook: Bullish, led by BRIC and Asia Highlighted themes and actionable charts: • Overweight Asia & BRIC. Asia and the BRIC segment continue to outperform the broad EM universe. Based on technical breakouts in each of their relative strength trends (vs. MSCI EM), we see these trends continuing well into 2018... see page 2 • Actionable countries. Russia is on the cusp of a breakout. The Philippines is breaking out. And Korea, a market that broke out earlier this year from a 6-year base, is a buy on weakness... see page 3 • Sector strength. Tech's tenure as long-term leadership rema...

Shelley Moen

Vermilion Int'l Compass: Global Equity Strategy

Weekly summary of Vermilion's global technical equity strategy calls, including sector weightings, from both a top down and bottoms up perspective. For a trial to Vermilion Research visit our website at www.vermilioncap.com or contact our sales team at (952) 922-7500.

Tian Hou

T. H. Data Flash - JD.com, Inc. – May & 2Q20E: Satisfying Pent-Up Demand In 2Q20 With Merchant Discounts, Platform Subsidizations And Live Streaming

We are positive on JD’s 2Q20 performance. China’s e-commerce in 2Q20 is an especially positive quarter as a result of: 1) Deep-discounts from merchants as well as subsidizations from e-commerce platforms was an outlet for consumers’ pent-up demands; 2) Live streaming increased the reach out rate and conversion rate. For live streaming, JD not only formed a partnership with Kwai (one of the two major short video platforms in China), but also set up its own live streaming function as well as teamed up with other platforms including TikTok, Huya (HUYA, $23.66, NR), and Douyu (DOYU, $12.98, NR) fo...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Upgrading Discretionary, Downgrading Staples New developments outlined in today's report are of the bullish variety. The way we see it, the positives continue to heavily outweigh the negatives. With positive new developments and essentially nothing new to be worried about, our view remains bullish. Buy the dips. · Sector Relative Strength Rankings & Weighting Recommendations. We are upgrading Discretionary to overweight; RS on the cap-weighted Sector (XLY) is breaking out to all-time highs. Additionally, we are downgrading Consumer Staples to underweight; RS is breaking below major s...

UOB
Julia Pan Mengyao

JD.com (JD US): Secondary listing in Hong Kong.

JD.com has announced its secondary listing in Hong Kong, which is scheduled to be listed as early as 18 Jun 20 (ticker: 9618 HK). The offer size is estimated at HK$31.4b with a maximum offer price of HK$236/share and 133m shares, representing 5.3% of the total number of existing shares outstanding. We maintain BUY with target price raised to US$66.00 from US$56.00.

UOB
Adrian Loh Tzum Yung ...
  • Arandi Ariantara
  • Jacquelyn Yow Hui Li
  • Julia Pan Mengyao
  • Leow Huey Chuen
  • Malaysia Research Team
  • Neo Chen Wentao
  • Philip Wong
  • Sandra Huang Jieqiong
  • Thunya Sutavepramochanon
  • Vincent Khoo Boo Aik

Regional Morning Notes - Tuesday, June 9, 2020

REGIONAL Sector Plantation: Guest speaker Mr Desai has confirmed that India would need to start buying palm oil as it would have very low inventory once demand picks up after the lockdown is lifted. GREATER CHINA Sector Machinery: May 20: Excavator sales up 68% yoy, strong domestic demand well sustained. Update JD.com (JD US/BUY/US$56.52/Target: US$66.00): Secondary listing in Hong Kong. INDONESIA Results Wijaya Karya Beton (WTON IJ/BUY/Rp294/Target: Rp340): 1Q20: Net income up 3% yoy despite disappointing EBIT growth. MALAYSIA Strategy Short-term Economic Recovery Plan: 4th fiscal stimulu...

UOB
Joyce Chan Pui Lai ...
  • Julia Pan Mengyao
  • Neo Chen Wentao
  • Sandra Huang Jieqiong

Greater China Daily: Tuesday, June 9, 2020

KEY HIGHLIGHTS Sector Machinery May 20: Excavator sales up 68% yoy, strong domestic demand well sustained. Update JD.com (JD US/BUY/US$56.52/Target: US$66.00) Secondary listing in Hong Kong. TRADERS’ CORNER Wharf (4 HK): Trading Buy Range: HK$15.80-15.82 Yanzhou Coal (1171 HK): Trading Buy Range: HK$6.44-6.45

The Bull Is Dead, Long Live The Bull - (GMR Weekly Notes - 2019 Outlooks - 2 Jan 2019)

Markets: Stocks: Pfizer (PFE); Eli Lilly (LLY); AbbVie (ABBV); Nexstar Media (NXST); Amazon (AMZN); Alibaba (BABA); JD.com (JD); Triton International (TRTN); Healthcare Sector ETF (XLV) Forex: EURGBP; Dollar Index (DXY); GBPJPY Rates: 2s/10s; 5s/30s; EDZ9

Stock/Tech Bounce Seen Temporary and A Sale (GMR Weekly Notes, 19 Nov 2018)

Tech(Index) bounces possible, but seen temporary. Crude bounce likely to be sizable and favors OXY asymmetric weekly setup higher. ADXY is on cusp of major shift in monthly trend - and resulting correction. EDZ9 reversed weekly trend bullish, threatening larger magnitude correction. Markets This Week: Stocks: Apple (AAPL); Facebook (FB); Boeing (BA); XPO Logistics (XPO); JD.com (JD); Occidental Petroleum (OXY); Basic Materials ETF (XLB) Forex: ADXY; NZDUSD; AUDCAD

GMR Weekly Notes - 20 August 2018

Markets This Week: Stocks: Alibaba (BABA); Twitter (TWTR); General Electric (GE); Amazon (AMZN): JD.com (JD); Tesla (TSLA) Forex: DXY; EURGBP; NZDUSD; USDSEK; USDMXN Rates: 2s/10s; BTPs (GBTPGR10)

GMR Weekly Notes - Week of 21 May 2018

Markets This Week: Stocks: Nvidia (NVDA); JD.com (JD); Charter Comm (CHTR); Facebook (FB); XLP; AstraZeneca (AZN) Rates: Gilts (GUKG10); US 10s/30s; EDZ9 FX: USDMXN; USDINT; USDZAR

GMR Weekly Notes - Week of 9 April 2018

Markets this Week: Stocks: Alibaba (BABA); Tencent (TCEHY); JD.com (JD); Amazon (AMZN); Facebok (FB); Nvidia (NVDA); Charter Comm (CHTR); Alphabet (GOOG) FX: USDJPY; AUDCAD; Gold (XAU) Rates: US 10-Year; EDZ8 Commodities: Copper (HG1)

UOB
Jayson Kong ...
  • Julia Pan Mengyao
  • Lee Yuk Kei
  • Neo Chen Wentao
  • Robin Yuen
  • Sandra Huang Jieqiong
  • Tham Mun Hon
  • Vanness Wong Wan

Greater China Daily: Monday, May 18, 2020

KEY HIGHLIGHTS Economics Economic Activity Consumption still not pulling its weight; all eyes now on the Two Sessions. Results AAC Technologies (2018 HK/HOLD/HK$42.65/Target: HK$42.00) 1Q20: The worst quarterly earnings, but no V-shaped rebound. JD.com (JD US/BUY/US$48.96/Target: US$56.00) 1Q20: Results triple beat; guides revenue growth of 20-30% yoy in 2Q20. Update Ganfeng Lithium Co (1772 HK/BUY/HK$27.55/Target: HK$34.00) Lithium industry recovery to be further delayed on pandemic impact; long-term prospects remain intact. Xtep (1368 HK/BUY/HK$2.74/Target: HK$3.50) Retail recovery...

UOB
Carol Dou Xiao Qin ...
  • Joyce Chan Pui Lai
  • Julia Pan Mengyao
  • Katrina Chen Chucan
  • Michael Cheung Ho Bun
  • Shaun Tan

Greater China Daily: Tuesday, May, 14, 2019

KEY HIGHLIGHTS CHINA Results JD.com (JD US/HOLD/US$28.17/Target: US$27.00) 1Q19: Bottom Line beats expectations on margin improvement; in-line 2Q19 guidance. HONG KONG Sector Property Weekly wrap-up: Home buyers not rattled by escalating trade war. Update Jacobson Pharma (2633 HK/BUY/HK$1.55/Target: HK$2.08) 2019 earnings to grow faster than expected; steady expansion to continue. TRADERS’ CORNER Link REIT (823 HK): Trading Buy Range Power Assets (6 HK): Trading Buy Range

UOB
Daisy Chen ...
  • Joyce Chan Pui Lai
  • Julia Pan Mengyao
  • Neo Chen Wentao
  • Robin Yuen
  • Sandra Huang Jieqiong
  • Shaun Tan

Greater China Daily: Friday, March, 1, 2019

KEY HIGHLIGHTS CHINA Sector Machinery 2019: From quantity to quality. Results Inner Mongolia Yili Industrial Group (600887 CH/HOLD/Rmb27.04/Target: Rmb25.00) 2018: Results in line, but guidance is too conservative. JD.com (JD US/HOLD/US$25.97/Target: US$26.00) 4Q18: In line, soft 1Q19 guidance; user growth stagnant. HONG KONG Sector Property HK Land Sale Programme 2019/20: Tighter supply. Results Galaxy Entertainment (27 HK/BUY/HK$55.75 /Target: HK$52.00) 4Q18: Results in line. SJM Holdings (880 HK/HOLD/HK$8.85/Target: HK$7.00) 4Q18: Results miss expectations. Our target price a...

Alastair Jones

Global TMT: China Tower, VOD, JD, VIP, TALK, Softbank, MTS

Global TMT: China Tower, VOD, JD, VIP, TALK, Softbank, MTS Alastair Jones 9

James Ratzer

Global TMT: JD, SKY, Italy, China, TIM B

Global TMT: JD, SKY, Italy, China, TIM B

Iain Johnston

China Internet Daily (30 August 2018)

Chinese B2C e-commerce platform JD.com (Nasdaq: JD), in the newest application of its "Boundaryless Retail" strategy, plans to offer guests at select hotels across China the opportunity to experience products from JD.com from the comfort of their hotel rooms.

With a more favourable environment, JD.COM improves to Slightly Positive

JD.COM (US), a company active in the Broadline Retailers industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date June 19, 2020, the closing price was USD 58.64 and its potential was estimated at USD 62.66.

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