BOC International released a report that JD Logistics's third-quarter revenue is expected to increase 6% year-on-year to 44.2 billion yuan, in line with previous expectations of the bank and market; adjusted net profit is 1.09 billion yuan, up 29% year-on-year, 15% higher than the bank's previous forecast and 51% higher than the market forecast of 720 million yuan; and the adjusted net profit margin is 2.5%, up 50 basis points from year to year. The bank expects the trend of profit optimization brought about by improved refined management capabilities to continue, raising the annual adjusted net profit forecast by 19% to 6.1 billion yuan, corresponding to a net profit margin of 3.4%. According to the report, Taobao announced that the 2024 Double Eleven event will be connected to JD Logistics, which is believed to be beneficial to the company's business volume growth. Specific cooperation rules have yet to be implemented. The target penetration rate customers are expected to be highly coincident with SF Express, and the revenue growth prospects for 2025 can be expected. Based on a recovery in industry investment sentiment and an increase in the valuation center, the bank raised the target price of JD Logistics from HK$11.3 to HK$16.3, maintaining a “buy” rating.

BOC International released a report that JD Logistics's third-quarter revenue is expected to increase 6% year-on-year to 44.2 billion yuan, in line with previous expectations of the bank and market; adjusted net profit is 1.09 billion yuan, up 29% year-on-year, 15% higher than the bank's previous forecast and 51% higher than the market forecast of 720 million yuan; and the adjusted net profit margin is 2.5%, up 50 basis points from year to year. The bank expects the trend of profit optimization brought about by improved refined management capabilities to continue, raising the annual adjusted net profit forecast by 19% to 6.1 billion yuan, corresponding to a net profit margin of 3.4%. According to the report, Taobao announced that the 2024 Double Eleven event will be connected to JD Logistics, which is believed to be beneficial to the company's business volume growth. Specific cooperation rules have yet to be implemented. The target penetration rate customers are expected to be highly coincident with SF Express, and the revenue growth prospects for 2025 can be expected. Based on a recovery in industry investment sentiment and an increase in the valuation center, the bank raised the target price of JD Logistics from HK$11.3 to HK$16.3, maintaining a “buy” rating.