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<Research>CLSA Raises JD LOGISTICS (02618.HK) TP to HKD17.8; 1Q Results Beat
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JD LOGISTICS (02618.HK) delivered 1Q results beat, with revenue mounting 29% YoY and non-IFRS net profit increasing 40% YoY to RMB1.052 billion, CLSA said in a research report. Although factors such as FX, interest rates and government subsidies may weigh on 2Q net profit, the broker expected business growth momentum to persist into 2Q. The broker slightly raised its revenue forecasts for FY2027 and FY2028 by 1%, while adjusting its net profit forecasts by 1% to reflect overseas growth and ongoing margin expansion. CLSA lifted the TP from HKD14.6 to HKD17.8, while maintaining an Outperform rating. JD LOGISTICS also announced a plan to repurchase up to USD1.2 billion worth of shares over the next four years. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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