BUZZ-JD.com's HK shares hit near 2-month peak on Q4 rev beat, buyback plan

Reuters03-07

** Hong Kong shares of China's online retailer JD.com

jump as much as 9.7% to HK$97.85, their highest since Jan. 12

** Stock on course for the second session of gains; biggest pct gainer in Hang Seng Index , Hang Seng Tech Index

and second biggest in Hang Seng China Enterprises Index

** U.S.-listed stock jumped 16.2% on Wednesday

** JD.com reported Q4 revenue above estimates and announced it would increase the size of its share repurchase program, repurchasing up to $3 bln worth of shares, including U.S.-listed shares, over the next 36 months through March 2027

** Citi maintains "buy" on the stock given undemanding valuation, improving shareholder return and initial sign of turning around JD Retail growth prospect

** Jefferies keeps "buy" on the stock, expecting JD Retail revenue to outpace industry growth

** Co's unit JD Logistics jumps 12.9% to HK$8.68, highest since Jan. 16, after it posted a yearly profit of 616.2 mln yuan compared to a 1.4 bln yuan loss in 2022

** Hang Seng Composite Index climbs 0.6%, while Hang Seng Tech Index and Hang Seng Index both add 0.1%

** JD.com's Hong Kong stock falls 14.9% YTD, U.S.-listed shares down 13.8% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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