New Street Research - JD.com Inc. Sponsored ADR Class A (JD) JD 4Q24 Preview: Upside in 4Q Estimates Partly Driven by the Trade-in Program

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New Street Research

Jin Yoon

JD 4Q24 Preview: Upside in 4Q Estimates Partly Driven by the Trade-in Program

What’s New: We up our 4Q24 top and bottom-line estimates as the expanded trade-in program since late Aug could continue to drive resiliency in key categories such as home appliances. In this note, we highlight the latest updates on the business.

Analysts:
Jin Yoon

17/01/2025 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

Other Reports on these Companies

GlobeNewsWire

JD.com to Report Fourth Quarter and Full Year 2024 Financial Results on March 6, 2025

JD.com to Report Fourth Quarter and Full Year 2024 Financial Results on March 6, 2025 BEIJING, Feb. 20, 2025 (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 fourth quarter and full year 2024 financial results on Thursday, March 6, 2025, before the U.S. market opens. JD.com’s management will hold a conference call at 7:00 am, Eastern Time on March 6, 2025, (8:00 pm, Beijing/Hong Kong Time on March 6, 2025) to discuss the...

February 20, 2025 February 20, 2025 1 EN

UOB

JD.com (9618 HK): 4Q24 preview: Strong growth outlook; JD to lead in 2025 trade-in programme.

JD lifted 4Q24 top-line growth guidance to 9% yoy from 6% yoy, better than our expectations. JD also saw strong user growth and GMV growth in 4Q24 as it is well positioned to capture the continuation of the trade-in programme. This bodes well with JD’s continuous ROI-focused investment in its user-centric strategy and supply chain efficiency to boost earnings growth. Maintain BUY with a higher target price of HK$200.00 (US$52.00).

January 20, 2025 January 20, 2025 1 EN

UOB

Greater China Daily: Monday, January 20, 2025

KEY HIGHLIGHTS Economics Economic Activity China grew at a faster clip of 5.4% yoy in 4Q24 as recently-announced macro policies gained traction. Industrial production growth (6.2% yoy, +0.8ppt) and retail sales growth (3.7% yoy, +0.7ppt) both saw meaningful increases in December. Only FAI growth slowed to 2.1% yoy, dragged by continued weakness in property investment, while the unemployment rate was a little higher at 5.1%. We keep our 2025 growth forecast at 4.2% yoy, expecting Sino-US tensions to rise. Update JD.com (9618 HK/BUY/HK$146.70/Target: HK$200.00) JD lifted 4Q24 top-line growth...

January 20, 2025 January 20, 2025 1 EN

Megacable (Neutral, TP: MXN55, +29%) Q4 24: Decent quarter, solid KPIs

Megacable has reported a decent set of Q4 results. Revenue came in a touch below expectations while EBITDA was in line.

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Jonathan Chaplin

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Frontier Post-4Q24 Model Update

This note focuses on changes to the model following 4Q24 results. Yesterday, we published a comprehensive review of results. The price at close is fixed. We don’t have a view on the current deal spread. We see no impediments to closing of the transaction. Stock is rated neutral with price target of $38.50 (same as deal price).

EUR 9556.00

18h / 51m 18h / 51m 1 EN

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JD 4Q24 Preview: Upside in 4Q Estimates Partly Driven by the Trade-in Program

JD.com to Report Fourth Quarter and Full Year 2024 Financial Results on March 6, 2025

JD.com (9618 HK): 4Q24 preview: Strong growth outlook; JD to lead in 2025 trade-in programme.

Greater China Daily: Monday, January 20, 2025

Megacable (Neutral, TP: MXN55, +29%) Q4 24: Decent quarter, solid KPIs

Airtel Africa (Buy, TP: £2, +45%) Bharti Airtel to buy 5% of Airtel Africa in the next 5 weeks. Squeeze incoming?

Frontier Post-4Q24 Model Update

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