Pre-market trend | JD INDUSTRIALS (7618.HK) on 5/13 shows a significant increase in trading volume. Can the valuation reassessment of the JD ecosystem be transmitted?

At yesterday's close, JD INDUSTRIALS continued its recent upward trend, with a total trading volume of HKD 117 million, significantly improving trading activity compared to previous periods. The short-term moving averages have started to turn upward, with the 5-day moving average providing effective support for the stock price. The MACD daily signals confirm bullish momentum, indicating that buying power is strengthening in this phase. From the perspective of trading volume, the pace of capital inflow has accelerated, showing positive changes from the previously sluggish trading state. On the news front, the parent company JD Group-SW (9618.HK) surged 8.28% today to HKD 128.2, with JP Morgan releasing a research report supporting JD, believing that its first-quarter performance exceeded expectations and that the profit structure has significantly improved. The resilience of retail profit margins and the narrowing of new business losses have established a path for profit growth, and the current valuation remains severely undervalued. The strong performance of JD Group typically has a positive valuation transmission effect on its subsidiaries. As a digital platform for the industrial supply chain, JD INDUSTRIALS is expected to benefit from the spillover effect of the overall valuation recovery of the group. Technically, JD INDUSTRIALS is currently attempting to break through the upper boundary of the previous consolidation platform, with the short-term moving average system transitioning from flat to a bullish arrangement. Sustained volume expansion is a key condition for confirming the breakout. The strong performance of JD Group today and JP Morgan's optimistic rating provide positive emotional catalysts for JD INDUSTRIALS. The short-term trend is biased towards bullishness, and the revaluation of the parent company's stock is expected to create a transmission effect. However, it is important to note the independence of JD INDUSTRIALS' own fundamentals; if the group's stock price experiences a pullback after a rise, there is also a risk of the subsidiary weakening in tandem