0351 GMT - JD.com is likely to report solid earnings in 1Q, mainly driven by the continued trade-in subsidy program and the strength in JD supermarket, say Nomura analysts in a research note. Revenue growth may reach 12% on year and adjusted net profit growth is likely to reach 25% in 1Q, Nomura says. This was helped by JD's electronic goods sales, which likely rose 11% on year during the quarter, the analysts note. The analysts maintain a buy rating and keep target price of its ADRs at US$55.00. The ADRs last closed at US$35.58. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
April 10, 2025 23:51 ET (03:51 GMT)
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