New Street Research - JD.com Inc. Sponsored ADR Class A (JD) ... New Street: JD 4Q22 Preview - Covid Cases Add to Uncertainty

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New Street Research

Jin Yoon

New Street: JD 4Q22 Preview - Covid Cases Add to Uncertainty

What’s New: We nudge down our 4Q22 and 1Q23 top line estimates as demand environment could take time to recover. Despite downward revision in top-line estimates, margins could see continued Y-Y improvement driven by cost control measures. In this note, we highlight the latest update on the business including near term demand and margin outlook.

Analysts:
Jin Yoon

06/01/2023 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:

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Pan European Telecom Services and Cable

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Analysts

Jin Yoon

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New Street: JD 4Q22 Preview - Covid Cases Add to Uncertainty

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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