Report

JD 4Q24 Results: Top Line Growth to Accelerate in 2025

What’s new: JD’s reported 4Q24 revs that were above consensus and our expectations. Top line growth could accelerate, while group-level margins could remain stable YoY in FY25. We maintain our PT at USD70.

Analysts:
Jin Yoon
Underlying
JD.com Inc. Sponsored ADR Class A

Provider
New Street Research
New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

  • Pan European Telecom Services and Cable
  • US Telecoms, Cable, Satellite and Towers
  • Global Emerging Market Telecoms
  • Japan Telecoms
  • Asian Internet
  • Pan European Healthcare
  • Global healthcare thematic research

We provide debt research on:

  • Pan European Telecom Services and Cable


Analysts
Jin Yoon

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