JD: Better Positioned To Weather The Economic Slowdown; Expect In Line 3Q21
JD will report 3Q21 results on November 18th before the markets open with a 7am ET conference call. We believe JD is like to deliver 3Q21 results in line with consensus. Even though there is an overall weakness of China’s economy and e-commerce, we believe JD is doing relatively better than its peers attributable to two uniqueness: 1) JD’s IP business has credibility and trust; and 2) its better services. In addition, the company’s marketplace as well as its logistics business are in a growing phase. Overall, we believe JD is equipped to cope with the economic weakness better than others.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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