Movement Alert|JD.com Falls 3.02% in Regular Trading, Daiwa Downgrades Rating to Hold Amid Weak 618 Festival Expectations

Market Focus06-25 10:16

On June 25, JD.com declined 3.02% in regular trading, trading at HK$98.05 per share with turnover of HK$178 million, extending the previous session's losses.

On the news front, Daiwa Securities recently downgraded JD.com's US-listed shares from Buy to Hold and slashed its price target from $47 to $27, a reduction exceeding 40%, triggering sustained pressure on market sentiment. Additionally, market expectations for JD.com's 618 shopping festival GMV growth remain tepid — while order-placing users hit a record high, concerns over the quality of growth have emerged. According to FactSet, the analyst consensus rating for JD.com stands at Overweight with an average target price of $39.89, diverging significantly from Daiwa's latest target. Meanwhile, founder Richard Liu's recently disclosed Nirvana Plan to fully replace delivery personnel with robots has raised investor concerns over long-term execution costs and workforce transition risks, adding further near-term pressure on the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment