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Bullish Case: Upbeat earnings, solid growth in logistics and overseas markets, and potential share buybacks could lift JD.com amid China's economic rebound


Bearish Case: Underperformance in Chinese consumer sector, intensified competition, increased regulatory pressures, and geopolitical risks may dampen JD's outlook


Potential Outcomes:

1. Earnings exceed expectations (40%);

2. Restrained China consumer spending continues (35%);

3. Regulatory pressures escalate (25%);

4. Share repurchase announced (30%)


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April 09, 2024


JD.com Forecast

JD        JD.com
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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