New Street Research - JD.com Inc. Sponsored ADR Class A (JD) ... New Street: JD 3Q22 Results - 4Q Topline Growth to Moderate

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New Street Research

Jin Yoon

New Street: JD 3Q22 Results - 4Q Topline Growth to Moderate

What's new: JD reported 3Q22 top-line results were largely inline with consensus and our expectations, while margins beat on continued cost control measures. Near term visibility remains limited amid macro and covid uncertainties, and top-line growth in 4Q could moderate compared to 3Q. We maintain our PT at USD 80.

Analysts:
Jin Yoon

21/11/2022 1 EN

Underlyings

JD.com Inc. Sponsored ADR Class A

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US47215P1066 NASDAQ Stock Market United States

JD.com Inc

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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
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Global Emerging Market Telecoms
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Pan European Telecom Services and Cable

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Analysts

Jin Yoon

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New Street: JD 3Q22 Results - 4Q Topline Growth to Moderate

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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