Hong Kong Stock Market Update: JDW surged over 4% in early trading. The company is set to release its earnings after hours. Citigroup believes that the performance may exceed both the market and the bank's expectations.
In the morning session, JD's stock rose by over 4%, reaching a 4.41% increase to HKD 86.4 by the time of publication, with a trading volume of HKD 78.0746 million. According to reports, Citigroup has released a research report stating that JD will announce its fourth-quarter performance for the previous year on the 6th, with the performance expected to meet or slightly exceed market expectations and the bank's forecast. Citigroup predicts that JD's revenue for the fourth quarter of last year will increase by 1.3% to RMB 299.4 billion compared to the market's forecast of 1.5%. The non-GAAP net profit is expected to reach RMB 6.03 billion, compared to the market's expectation of RMB 7.24 billion.
Zhitong App learned that JD-SW (09618) surged over 4% in the morning session, with a 4.41% increase at the time of publication, reaching HKD 86.4, with a turnover of HKD 78.0746 million.
On the news front, Citigroup released a research report stating that JD will announce its fourth-quarter performance for the previous year on the 6th, with performance expected to meet or slightly exceed market expectations and the bank's forecasts. Citigroup predicts that JD's fourth-quarter revenue for the previous year will increase by 1.3% to RMB 299.4 billion compared to the market's forecast of 1.5% growth. The non-GAAP net profit is expected to reach RMB 6.03 billion, compared to the market's expectation of RMB 7.24 billion.