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<Research>M Stanley Adds JD LOGISTICS (02618.HK) TP to HKD16.2, Upgrades Stock to Overweight
Recommend 7 Positive 10 Negative 4 |
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Although JD LOGISTICS (02618.HK) was forecast to mark strong growth in 2026 results, partly due to a low base effect, the broker considered that the margin dynamics is the main driver of the company's valuation, Morgan Stanley said in a report. As margins return to an expansionary trajectory in 2026, the broker anticipated that EPS growth and valuation re-rating will provide upside. The rating was lifted from Equalweight to Overweight. Additionally, the EPS forecasts for 2026-2027 were raised by 11%/ 15%. The TP was increased from HKD12.8 to HKD16.2. AASTOCKS Financial News Website: www.aastocks.com |
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