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<Research>Nomura Expects JD.com (JD.US) 4Q24 Results to Beat Forecasts, Non-GAAP EPS to Rise 22%
Recommend 6 Positive 16 Negative 5 |
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Nomura released a research report expecting that JD.com (JD.US)'s 4FQ24 revenue/ earnings may significantly exceed expectations, and that its 4Q24 revenue/ non-GAAP EPS will rise 10%/ 22% YoY each, beating the latest market consensus by 4%/ 20%, mainly benefiting from the “trade-in” subsidy program. Nomura believed that home appliances, 3C and JD Supermarket are likely to lead growth, with the home appliances and 3C categories likely to outperform in 4Q24, supported by the “trade-in” subsidy program. Therefore, the broker kept rating at Buy on JD.com, with a target price of US$50. AAStocks Financial News |
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