Weekly Recap | JD-SW -5.75%, losing the HK$100 mark on regulatory pressure
Weekly Review·
- JD-SW shares fell 5.75% over 4 trading days to close at 100 HKD, underperforming the Hang Seng Index by 1.23 percentage points amid heightened regulatory pressure and a broader tech sector downturn.
- The State Administration for Market Regulation held a symposium on October 22 urging e-commerce platforms to improve quality, triggering a drop that saw JD-SW breach the 100 HKD mark and hit a one-month low.
- Despite the weak weekly performance and divergent target prices, 19 out of 22 covering institutions maintained buy or overweight ratings, with third-quarter earnings scheduled for November 13 expected to show revenue around 3641 billion HKD.
