HSBC: JD.com is expected to achieve stable profitability, maintaining its buy rating unchanged

HSBC analysts' research report states that JD.com is expected to have stable earnings in the near term. They anticipate that the profit margin of this Chinese company's retail business will improve, and the losses in the delivery business will narrow. HSBC indicated that this online retailer's collaboration with home appliance brands to offer exclusive high-end products helps maintain sales growth momentum and contributes to the continuous growth of the profit margin in the retail business. These analysts maintain their buy rating with a target price of $40.00