JD HEALTH's stock surged 6.01% intraday following a bullish research report from CICC. The firm raised its revenue forecasts for 2025 and 2026 by 2% to RMB 72.5 billion and RMB 81.7 billion, respectively, and increased non-IFRS net profit forecasts by 4% and 1% for the same periods. CICC maintained its Outperform rating and target price of HK$71.4, citing strong business performance and strategic partnerships.
The report highlighted JD HEALTH's robust revenue growth, with each of the first three quarters of 2025 achieving approximately 25% year-on-year growth. Strategic collaborations with pharmaceutical giants like Eli Lilly and Bayer China further strengthened its position as a leading online platform for new drugs. Improved gross margins and controlled expense investments also contributed to the positive outlook.
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