0430 GMT - China's trade-in policy could continue to be a tailwind for JD.com, Daiwa analysts say in a research note. The analysts say JD's 4Q revenue and adjusted net income were better than expected, led by its retail segment. They think JD could maintain solid revenue momentum in 1H and see potential upward earnings revision for the retail segment. JD will likely face a high base for electronics and home appliance revenue in 2H and it needs faster-than-expected general merchandise revenue growth to drive further rerating, they say. Daiwa raises its 2025-2026 EPS forecasts on JD by 7%-12% after factoring in faster top-line growth. It maintains a buy call on JD and raises its target to HK$216.00 from HK$204.00. Shares are last at HK$175.80. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
March 06, 2025 23:30 ET (04:30 GMT)
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