Jefferies Adjusts JD Logistics' Price Target to HK$17.50 From HK$18.50, Keeps at Buy
JD Logistics (HKG:2618) has an average rating of buy and mean price target of HK$18.39, according to analysts polled by FactSet.
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JD Logistics (HKG:2618) has an average rating of buy and mean price target of HK$18.39, according to analysts polled by FactSet.
JD Logistics (HKG:2618) recorded an attributable profit of 2.41 billion yuan in the second quarter, up from 2.12 billion yuan a year prior, according to a Thursday Hong Kong bourse filing.The logistics company's revenue jumped 24.3% to 64.1 billion yuan from 51.6 billion yuan in the year-ago period.Shares of JD Logistics fell 2% at market close.
Chinese e-commerce and delivery platforms' shift to drones could result in laggards among players that fail to adapt, S&P Global Ratings said in a recent release.Major players have already pivoted to airborne delivery with different goals, including Meituan (HKG:3690) which sees the innovation as a key extension of its on-demand delivery efforts, S&P said.Meanwhile, JD Logistics (HKG:2618) considers drones as an efficiency and cost reduction driver, in S&P's view.The rating agency sees the advancement as a positive business risk that offers efficiencies and brand improvement.Failure to adapt drone efforts could sideline other players to commodity services, with no service differentiation other than reduced prices, S&P credit analyst Sandy Lim said.Revenue in the segment could more than double to 3.5 trillion yuan yearly by 2035 from 1.5 trillion yuan last year, with services possibly expanding from drone deliveries to more special means such as flying taxis, S&P said.
JD Logistics (HKG:2618) has an average rating of buy and mean price target of HK$18.55, according to analysts polled by FactSet.
JD Logistics (HKG:2618) has an average rating of buy and mean price target of HK$18.05, according to analysts polled by FactSet.
JD Logistics (HKG:2618) recorded a rise in attributable profit in the first quarter of 2026 to 880.1 million yuan from 451 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.The logistics company's revenue for the three months increased 29% to 60.6 billion yuan from 47 billion yuan in the year-ago period, mainly due to a higher revenue from integrated supply chain and other customers.The firm is also planning to buy back up to $1.2 billion of shares from the open market over a 48-month period, subject to approval, according to a separate stock exchange filing.
Deppon Logistics (SHA:603056) recorded an attributable loss of 519.1 million yuan in 2025, compared with an attributable loss of 860.6 million yuan a year prior, according to a Friday filing by parent JD Logistics (HKG:2618) with the Hong Kong bourse.Basic loss per share was 0.51 yuan in the year, compared with a basic EPS of 0.85 yuan in 2024.Revenue slipped 0.6% to 40.1 billion yuan from 40.4 billion yuan in the year-ago period.