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京东及京东物流-2024 年第四季度回顾：业务发展势头稳健，用户心智份额增强，维持买入京东及京东物流评级，对达达持中性评级
JDLGYJD LOGISTICS(JDLGY)2025-03-12 07:55

7 March 2025 | 7:45AM HKT JD.com (JD/9618.HK) & JD Logistics (2618.HK) 4Q24 review: Solid business momentum with strengthening user mindshare; maintain Buy JD/JDL; We lift JD's 1Q25E/FY25E top line growth to 11%/8% (vs. prior 5%/7%) on the back of JD's solid 4Q beat (our first take) and positive commentaries around sustained JD Retail business momentum quarter-to-date on healthy user trends, strong mobile/appliance sales and increasing cross-sell (across general merchandise categories and 3P marketplace). M ...