CLSA Expects JD-SW 1Q26 Revenue to Grow 4.4% YoY

AASTOCKS News
2026.05.07 03:03
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CLSA forecasts JD-SWrevenue to grow 4.4% YoY in 1Q26, despite challenges from reduced government subsidies and new business investments. Adjusted net profit is expected to decline 60% YoY to RMB5.1 billion. Retail revenue and profit are projected to remain flat, with electronics sales potentially dropping 10% YoY, while supermarket and fashion products may see double-digit growth. Losses from new ventures are estimated at RMB10 billion, but QoQ losses are expected to narrow. CLSA maintains an Outperform rating on JD.com, Inc.with a target price of USD41.