New Street Research - JD.com Inc. Sponsored ADR Class A (JD) JD 1Q24 Results: Potential Upside in Margins for FY24

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New Street Research

Jin Yoon

JD 1Q24 Results: Potential Upside in Margins for FY24

What’s new: JD’s reported 1Q24 results that topped consensus and our expectations. Improving user experience and market share gains remain key priorities for JD in ‘24. Profitability could also remain stable or potentially see upside in ’24 partly driven by continued efficiency gains and scale advantage. We maintain our PT at USD70.

Analysts:
Jin Yoon

17/05/2024 1 EN

Underlying

JD.com Inc. Sponsored ADR Class A

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US47215P1066 NASDAQ Stock Market United States

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New Street Research

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Analysts

Jin Yoon

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JD 1Q24 Results: Potential Upside in Margins for FY24

China Internet: 618 Festival – Evolving consumer trends and continued focus on value for money.

China Internet: JD’s new initiative in on-demand delivery is reshaping FD market dynamics.

JD.com to Hold Annual General Meeting on June 20, 2025

SATS, Carr, and the Art of the No Deal…Yet

Supreme Court Upholds USF Framework but Reform Still Ahead

CMCSA quick hit: Comcast continues to make the right pricing moves

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