Daiwa: Raises JD Group-SW target price to HKD 205, reiterates "Buy" rating
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Daiwa Securities has raised the 12-month target price for JD.com-SW to HKD 205 and reiterated a "Buy" rating. It is expected that JD Retail's operating profit will increase by 17% year-on-year to RMB 13.6 billion in the third quarter of this year, with a revenue growth of 10% year-on-year. Daiwa is optimistic about JD Retail's operating profit margin and revenue growth, believing that the growth of general merchandise categories will accelerate
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