New Street Research - JD.com Inc. Sponsored ADR Class A (JD) JD 4Q23 Results: Aiming for Continued Market Share Gains in 2024

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New Street Research

Jin Yoon

JD 4Q23 Results: Aiming for Continued Market Share Gains in 2024

What’s new: JD’s reported 4Q23 results top consensus and our expectations. Improving user experience and market share gains are the key priorities for JD in 2024. JD could continue to outgrow overall online retail sales, while profit could remain stable despite continued investments to enhance user experience in 2024. We maintain our PT at USD70.

Analysts:
Jin Yoon

07/03/2024 1 EN

Underlying

JD.com Inc. Sponsored ADR Class A

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US47215P1066 NASDAQ Stock Market United States

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Analysts

Jin Yoon

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GlobeNewsWire

JD.com to Report First Quarter 2024 Financial Results on May 16, 2024

JD.com to Report First Quarter 2024 Financial Results on May 16, 2024 BEIJING, April 26, 2024 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading supply chain-based technology and service provider, today announced that it plans to release its unaudited first quarter 2024 financial results on Thursday, May 16, 2024, before the U.S. market opens. JD.com’s management will hold a conference call at 8:00 am, Eastern Time on May 16, 2024, (8:00 pm, Beijing/Hong Kong Time on May 16, 2024) to discuss the first quarter 2024 financial resul...

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JD.com Announces Updates of Its Share Repurchase Program

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Frontier Model Update

This note focuses on changes to the model following 1Q24 results. Earlier today, we published a review of results and comprehensive thoughts following the earnings call. The changes to estimates are minor. Our long-term thesis remains unchanged. Price target is $52.

EUR 9318.00

4h / 41m 4h / 41m 1 EN

Jonathan Chaplin

Jonathan Chaplin

FYBR: quick thoughts following the call Part 2

We commented earlier on the implications of the delay in the analyst day. In this follow up, we cover: 1) the growth / margin trade-off; 2) fiber broadband ARPU growth; 3) SAC growth; 4) EBITDA growth; 5) fiber penetration; 6) ACP; 7) fiber net adds. We covered what we expect for the strategic review in our quick take on results this morning.

EUR 9318.00

6h / 24m 6h / 24m 1 EN

Jonathan Chaplin

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FYBR quick thought following the call

In this quick note we touch on our thoughts around the delay in the analyst day. We will follow up shortly with further thoughts on operating and financial trends.

EUR 9318.00

13h / 13m 13h / 13m 1 EN

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JD 4Q23 Results: Aiming for Continued Market Share Gains in 2024

JD: China’s Economy May Have Bottomed As The Property Market Is Starting To Show Signs Of Stabilization; JD To Benefit From the Resumption In Growth Of China’s Economy

JD.com to Report First Quarter 2024 Financial Results on May 16, 2024

JD.com Announces Updates of Its Share Repurchase Program

Frontier Model Update

FYBR: quick thoughts following the call Part 2

FYBR quick thought following the call

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