JD 3Q23 Results: Near Term Outlook Remains Intact
What’s new: JD’s reported 3Q23 revs were largely in-line, while margins beat consensus and our expectations. Near-term outlook remains intact as the outperformance of Singles Day could be partly offset by the tougher comps in 2H of 4Q. Consumer sentiment may start to bottom out, and that overall business could see further recovery heading into 2024. We maintain our PT at USD70.Analysts:
Jin Yoon
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
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.