GJJDCOM@EC2612A

TRANSTHERA-B

ASIA STRAT TECH

SUMMI

MANY IDEA CLOUD

ZHONGMIAO

SKYMISSION GP

NICHE-TECH SEMI

KFM KINGDOM

INCON

CHINA CHENGTONG

512010

513120

09618

159929

562600

159883

06618

589720

510660

In a report released yesterday, from CICC maintained a Buy rating on JD Health International, Inc., with a price target of HK$66.20. The company’s shares closed yesterday at HK$48.40.Claim 70% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential The word on The Street in general, suggests a Moderate Buy analyst consensus rating for JD Health International, Inc. with a HK$74.40 average price target.

- CICC maintained a Buy rating on JD Health International, Inc., setting a price target of HK$66.20, while shares closed at HK$48.40.  
- The broader analyst consensus indicates a Moderate Buy rating for the company, with an average price target of HK$74.40.  
- The report suggests optimism regarding JD Health International's market performance and growth potential.

Tip Ranks

E Fund CSI 300 Health Care ETF

GF CSI HK Innovative Drugs Industry ETF(QDII)

JD-SW

China Universal 800 Health Care ETF

ChinaAMC CSI All Share Health Care Devices ETF

Maxwealth CSI All Share Medical Apparatus and Instruments ETF

JD HEALTH

Guotai SSE STAR Brand Name Drug ETF

ChinaAMC SSE Health Care ETF Initiating Fund

JD Health International, Inc. (6618) Gets a Buy from CICC

02618

516530

516910

EBIZ

CICC has maintained a Buy rating on JD Logistics, Inc. (2618) with a price target of HK$15.90, while the stock closed at HK$12.63. The analyst consensus is Moderate Buy, with a target of HK$16.95, indicating a 34.20% upside. Additionally, DBS also holds a Buy rating with a price target of HK$18.00.

- CICC has maintained a Buy rating on JD Logistics, Inc., setting a price target of HK$15.90, while shares closed at HK$12.63.  
- Analyst consensus indicates a Moderate Buy rating with a price target of HK$16.95, suggesting a 34.20% upside.  
- DBS also supports a Buy rating with a higher price target of HK$18.00.

JD LOGISTICS

KraneShares 2x Long JD Daily ETF

Yinhua CSI Modern Logistics ETF

Fullgoal CSI Modern Logistics ETF

Jayud Global Logistics

JD.com

Global X E-commerce ETF

JD Logistics, Inc. (2618) Receives a Buy from CICC

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01810

BABA

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The NASDAQ Golden Dragon China Index preliminarily rose by 0.7%, with a cumulative decline of about 4.2% this week. Among popular Chinese concept stocks, GDS rose by 7.5%, JD rose by 6.1%, XPeng, Trip.com, NetEase, and Kingsoft Cloud rose by up to 5.9%, Xiaomi rose by 3%, Meituan and Tencent rose by over 2%, and Alibaba rose by 0.4%. Canadian Solar fell by 3.7%, and Pony.ai fell by 8.5%. In terms of ETFs, KWEB rose by 1.3%, and CQQQ rose by 0.1%

Wallstreetcn

XPENG-W

XIAOMI-W

Alibaba

NASDAQ Golden Dragon China Index

TENCENT

TRIP.COM-S

GDS-SW

XPeng

MEITUAN

Tencent

KINGSOFT CLOUD

KraneShares 2x Long BABA Daily ETF

BABA 2x Long Daily ETF - GraniteShares

Invesco China Tech

NTES-S

ONLN

IBUY

Goldman Sachs stated that JD.com is an undervalued differentiated company, possessing a leading scale among retailers, a unique "self-operated online direct sales + platform" model, and industry-leading self-built warehousing and supply chain capabilities. The company's guidance for 2026 is positive, with single-digit growth in retail, logistics revenue increasing by over 20%, and profit growth at an even faster pace. Coupled with the accelerated implementation of AI and investments in new businesses, the profitability resilience provides clear support and a safety margin for valuation

- JD Group's Q4 and 2025 performance highlights include record retail profits and accelerated logistics growth, boosting investor confidence through positive shareholder return policies.  
- Despite a slight revenue decline due to high baseline effects from government subsidies, management provided a cautious outlook for 2026, exceeding market expectations, supported by strong advertisement revenue and improved profitability.  
- JD's commitment to continuous stock buybacks and dividends further secures its stock price, with a total shareholder return exceeding 10% for the year.

SPDR S&P Retail ETF

ProShares Online Retail

VanEck Retail ETF

Amplify Online Retail ETF

Goldman Sachs comments on JD's performance: Overall encouraging, differentiated advantages underestimated by the market

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Hong Kong stocks continued to rise, driven by technology stocks such as Alibaba, Tencent, and Xiaomi, with the Hang Seng Index closing up 1.7% at 25,757 points. Despite increasing market concerns over the Iran war, which led to a decline in U.S. stocks, Dow and Nasdaq futures rose slightly. Northbound trading recorded a net outflow of 2.188 billion yuan, and after adjustments to the Hang Seng Index constituents, CATL and Laopu Gold rose by 2.6% and 3.4%, respectively. The Hang Seng Index has accumulated a decline of 3.3% this week

AASTOCKS

BABA-W

CATL

Tencent Holdings Limited

The "Market Review" reports that tech stocks lead the rise in Hong Kong stocks, with JD.com stocks dancing and pharmaceutical stocks climbing

01211

The total short selling amount in the Hong Kong stock market reached HKD 45.23 billion, accounting for 21% of the total shortable stock trading volume of HKD 215.78 billion. The previous day was 18.1%. The top five stocks by short selling amount include: Tencent's short selling ratio of 22.5%, with a short selling amount of HKD 2.72 billion; Alibaba-W's short selling ratio of 18%, with a short selling amount of HKD 1.84 billion; BYD's short selling ratio of 43.8%, with a short selling amount of HKD 1.56 billion; Southern Hang Seng Technology's short selling ratio of 39.6%, with a short selling amount of HKD 1.52 billion; JD Group-SW's short selling ratio of 52.3%, with a short selling amount of HKD 1.49 billion

BYD COMPANY

The total short selling in Hong Kong stocks for the day was HKD 45.23 billion, accounting for 21% of the turnover of shortable shares

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JD-SW(09618) rose 9.95%, with a trading turnover 5.1 Billion HKD, and a year-to-date fell 4.5%. GEELY AUTO(00175) rose 7.92%, with a trading turnover 1.2 Billion HKD, and a year-to-date fell 8.6%. YOFC(06869) fell 7.79%, with a trading turnover 3.9 Billion HKD, and a year-to-date rose 167.9%. PRADA(01913) fell 5.76%, with a trading turnover 206.3 Million HKD, and a year-to-date fell 9.2%.

- The Hang Seng Index increased by 1.72%, with a year-to-date gain of 0.5%, while the Hang Seng Tech Index rose by 3.15%, but has declined by 10.3% this year.  
- JD.com saw a notable increase of 9.95% with a trading volume of 5.06 billion HKD, yet it remains down 4.5% year-to-date, while Geely Automobile rose by 7.92% with a trading volume of 1.21 billion HKD, down 8.6% in 2026.  
- In contrast, Longxing Optical Fiber Cable fell by 7.79% despite a trading volume of 3.87 billion HKD, maintaining a significant year-to-date gain of 167.9%, whereas Prada dropped by 5.76% with a trading volume of 210 million HKD, marking a 9.2% decline this year.

Top Gainers & Losers

GEELY AUTO

INNOVENT BIO

MUYUAN

YOFC

PRADA

CHALCO

CMOC

CHINAHONGQIAO

Top 5 HK Stock Gainers/Losers (>100B) (3.6)

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On March 6th, the Hong Kong stock market's risk appetite warmed up, with all three major indices strengthening, led by the Hang Seng Tech Index which rose by 3.15%. The retail and internet sectors showed strong momentum, with JD-SW leading the surge with a 9.95% increase, while Tencent Holdings had the highest trading volume and closed up by 3.39%. On the macro level, the rebound in PMI and the recovery in exports provided support for the fundamentals. Although the rebound momentum continues, the market is still focused on whether policies and liquidity can help break through previous highs

- The Hong Kong stock market saw overall gains, with the Hang Seng Index closing at 25,757.29 points, up by 1.72%.  
- Notable performances included JD.com surging 9.95% and Tencent gaining 3.39%, while mixed results emerged in specific sectors.  
- Market momentum is supported by improvements in macroeconomic indicators, driving investor confidence and attention towards future policy impacts on risk preferences.

Market Heartbeat

MNSO

KUAISHOU-W

BILIBILI-W

LENOVO GROUP

LEGENDHOLDING

REMEGEN

MENGNIU DAIRY

AKESO

CH ENERGY ENG

CHINA RES LAND

Hang Seng TECH Index

Hong Kong stocks close | The Science and Technology Index leads with a 3.15% increase, JD rises nearly 10%, and both Tencent and Alibaba rise over 3%

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The Hang Seng Index closed at 25,757 points, up 435 points or 1.7%. The Hang Seng Tech Index reported 4,947 points, up 151 points or 3.2%. The total market turnover was HKD 292.766 billion. Active heavyweight stocks performance: XPeng rose 3.8%, Alibaba rose 3.5%, Tencent rose 3.4%. JD LOGISTICS rose 23%, JD Group rose 10%

FI CSOP HSI

HSTECH ETF

CSOP HS TECH

ISHARESHSTECH

According to the "All-Day Express," the Hang Seng Index rose by 435 points; the Hang Seng Tech Index increased by 151 points. Xiaomi Group rose by over 3%, Alibaba rose by over 3%, and Tencent rose by over 3%, with strong trading volume

09888

During the trading session, the three major indices of the Hong Kong stock market strengthened collectively, with the Hang Seng Index rising by 1.54% and the Hang Seng Tech Index soaring by 3.06%. In terms of sectors, internet content, retail, and hardware sectors led the gains, with leading stocks such as TENCENT, Alibaba, and XIAOMI showing strong performance, significantly boosting market sentiment. Funds are focusing on macro data and policy guidance, with TENCENT temporarily leading in trading volume at HKD 9.82 billion. As of the time of writing, overall trading volume is well-matched, but attention should still be paid to the pressure above

- Hong Kong's market shows a positive trend with the Hang Seng Index up 1.54% to 25,710.46, while the Hang Seng Tech Index and the Enterprise Index also increased.  
- Key sectors include internet content, retail, and hardware, with significant gains from Tencent, Alibaba, and Xiaomi, attracting increased capital.  
- The focus on macroeconomic data such as PMI, retail figures, and external factors like capital flows is influencing market sentiment and investment strategies.

LB Select

BIDU-SW

KNOWLEDGE ATLAS

XTALPI

Hong Kong stocks intraday | Three major indices collectively strengthen, with Xiaomi Group and Alibaba leading the gains

HSBC's research report indicates that JD.com's new business investments may weigh on profitability, despite increased confidence in the general merchandise business, with revenue forecasts raised by 1% to 2%. Due to increased investments in overseas and Jingxi businesses, the pace of narrowing losses in new businesses is expected to slow. The target price has been lowered from HKD 144 to HKD 137, maintaining a "Buy" rating, suggesting an upside potential of approximately 38%

HSBC Research: JD.com's new business investments drag down profits, target price lowered to 137 yuan

CICC released a report stating that JD.com's revenue for the fourth quarter of 2022 was basically in line with market expectations, and profits exceeded expectations. Revenue grew by 1.5% year-on-year to RMB 352.3 billion, with adjusted net profit of RMB 1.1 billion, surpassing the expected RMB 500 million. The company plans to repurchase $3 billion in stock and distribute $1.4 billion in cash dividends. It is expected that the retail operating profit margin will stabilize by 2026, and the food delivery business will reduce losses. The target price has been lowered by 19.5% to $33, maintaining an "outperform industry" rating

In "Major Banks," China International Capital Corporation (CICC) lowered JD.com's target price to $33 and maintained an "Outperform" rating

The short selling amount in the Hong Kong stock market for half a day was HKD 20.54 billion, accounting for 18.2% of the total turnover of shortable stocks. The main shorted stocks include Tencent, Alibaba, Xiaomi Group, BYD, and JD, with short selling ratios of 16.3%, 16.3%, 19.4%, 37.3%, and 43.5%, respectively

The short selling in the Hong Kong stock market for half a day reached HKD 20.54 billion, accounting for 18.2% of the total turnover of shortable stocks

SFTBY

9984

OpenAI

The ChiNext Index rose by 0.85%, Hong Kong stocks rebounded, with the Hang Seng Index up 1.85%, and JD.com’s Hong Kong stock surged by 8.5%. SoftBank is seeking a $40 billion loan to acquire shares in OpenAI. The People's Bank of China conducted reverse repurchase operations, netting 224.2 billion yuan. The United States allows Russia to sell some oil to India

SoftBank

SoftBank Group Corp.

Morning News Summary

JD Group CEO Xu Ran stated that if market competition stabilizes, the total investment in the delivery business is expected to decrease. JD's stock price opened up 1.6% this morning, and by noon, the increase expanded to 9%. Huatai Securities pointed out that the improvement in the monetization rate of the delivery business will optimize financial performance. The company announced its fourth-quarter performance last year, with non-GAAP net profit decreasing by 90.4% year-on-year to 1.084 billion RMB, and quarterly revenue increasing by 1.5% year-on-year to 352.28 billion RMB. The management announced a cash dividend of 50 cents per share for 2025, expecting an annualized shareholder return rate of about 10%

The article "After the Performance" summarizes the latest ratings, target prices, and views from major institutions following JD.com's earnings announcement

NewDiscussionZones

$JD.com(JD.US) JD&#39;s total revenue growth slowed sharply to +1.5% YoY this quarter, with QoQ deceleration of over 13ppt. Overall margins compressed due to higher opex while certain sectors slowed down in growth as well. However, it is worth noting that JD shares Buybacks and generous dividends still make up a significant amount of shareholders returns, and while stocks like JD could be cyclical, the pullback could present am opportunity for a bigger bullish run in the future. @Bridge Buzz SG

JD-SWR

JD HK SDR 10to1

There is a need for better risk management as the markets enter a volatile phase!

A massive Thursday unfolds as geopolitical tremors shake markets, the Fed gets a new nominee, and crypto explodes higher. Here's your essential briefing:

NVIDIA

Broadcom

Agilent Tech

Tesla

Intel

INTEL-T

Micron Tech

Bilibili

Costco Wholesale

🔥 Market Flash: War, Fed Shakeup & Crypto Rip | Mar 5, 2026

So far for every single geopolitical risk like war, the market always recovers a few months later! So nothing to fear

Featured

Iran war fears: Strait closed, oil spikes. Nvidia invests $4B, +3%. Apple debuts iPhone 17e. MongoDB crashes 24%. Your move? Comment &amp; earn Task Coins!

ASML

Apple

Amazon

BABA-WR

GraniteShares 2x Long NVDA Daily ETF

SPDR Gold Shares

GLD SG

MongoDB

Apple Group

🔥 Market Flash: War, Tech & Turmoil | Mar 3, 2026

Alibaba HK SDR 5to1

I guess the new fed chairman is more or less confirmed. Nomination should be a breeze for him. Get ready for a new market regime!

Valuations are still very lofty in certain area of the market. However software has pulled back greatly which is currently a value play!

The trade war is currently taking a backseat in the whole agenda. But this risk will come back to haunt us soon!

The earnings season so far is very optimistic, don't let other noises affect the investment plan, especially those that cannot be controlled!

Risk on is the way to go, the AI trade will not be derailed just because of a small little war in a insignificant part of the world!

Conference Minutes

Below is Dolphin Research's FY25 earnings call Trans for $京东 (JD.US). For the earnings analysis, see 'JD: As state subsidies faded, still bleeding?'.1. Shareholder returns. a) Dividend: The BOD approved a FY25 cash dividend of Approx. $1.4bn ($1 per ADS).b) Buyback: In 2025, the company repurchased ~6.3% of the float for $3.0bn, and all repurchased shares have been canceled. The program has been fully executed.2. FY26 guidance. a) Growth momentum: YTD trends in early 2026 are moving up...

Direxion Auspice Broad COM

JD (Trans): Electricals sales to improve in 1H26---

Financial Analysis

Among China's three major e-comm giants—$JD.com(JD.US) was the first to report Q4. At a high level, the print roughly met expectations that had been set low.1) As state subsidies faded, revenue growth plunged. Total revenue rose just 1.5% YoY, with growth decelerating over 13ppt QoQ.JD had been the biggest beneficiary of state subsidies, which created a high base. As subsidies receded, the hit to JD was the most pronounced.That said, the market had largely priced in the impact. The actual print was slightly better vs Bloomberg estimates...

JD: Another pullback? Keep calm — a rebound is near!---

GJJDCOM@EC2612A(26553.HK)

JD Health International, Inc. (6618) Gets a Buy from CICC

JD Logistics, Inc. (2618) Receives a Buy from CICC

Goldman Sachs comments on JD's performance: Overall encouraging, differentiated advantages underestimated by the market

The "Market Review" reports that tech stocks lead the rise in Hong Kong stocks, with JD.com stocks dancing and pharmaceutical stocks climbing