Core Viewpoint - Goldman Sachs reported that JD Logistics achieved a revenue of 63.5 billion yuan in Q4 last year, representing a year-on-year growth of 22%, slightly exceeding the bank's forecast of 21% [1] Group 1: Financial Performance - The internal comprehensive supply chain revenue reached 26.7 billion yuan, with a year-on-year growth of 68%, outperforming the bank's expectation of 10% [1] - Adjusted net profit was 2.4 billion yuan, surpassing the bank's forecast by 5% [1] Group 2: Investment Rating - Goldman Sachs has assigned a "Buy" rating to JD Logistics, with a 12-month target price of 17.4 HKD based on a sum-of-the-parts valuation method [1] - The positive outlook is supported by JD Logistics' leading position in the Chinese supply chain industry, proven business model, and technological expertise [1]
大行评级丨高盛：京东物流去年第四季经调整纯利胜预期，评级“买入”