9618 JD.com: Promising Growth Ahead with Trade-In Program Boost. UOB Kay Hian maintains a “BUY” recommendation on JD.com, with an increased target price of HK$197.00, implying a 12x 2025F PE multiple. JD.com is currently trading at 10.7x 2025F PE, which is 1 standard deviation below its historical mean. The broker remains optimistic about JD’s growth potential, particularly in Q3 2024, due to the strong performance of the trade-in program and its focus on user growth.
PDD Possibly last day before next bull run for PDD. MM's seem to want a bull run, and of course so does retail. Easy money for swing traders. BABAJDBIDUBILI
9618 JD.com: Promising Growth Ahead with Trade-In Program Boost. UOB Kay Hian maintains a “BUY” recommendation on JD.com, with an increased target price of HK$197.00, implying a 12x 2025F PE multiple. JD.com is currently trading at 10.7x 2025F PE, which is 1 standard deviation below its historical mean. The broker remains optimistic about JD’s growth potential, particularly in Q3 2024, due to the strong performance of the trade-in program and its focus on user growth.
