0716 GMT - JD Health's growth momentum is outpacing peers, supported by multiple partnership with global pharma majors including Eli Lilly, Morningstar analyst Kai Wang says in a note. The company posted a 29% on-year increase in 3Q revenue. Wang says JD Health is supported by its strengths in logistics and user-acquisition. Its expanding product portfolio could create a network effect, aided by its tie-ups with major pharma companies, he says. "We view JD Health favorably, given its narrow moat, and believe a pullback could present an attractive entry point," Wang adds. Morningstar maintains a fair value estimate of HK$58.00 as 3Q revenue was in line with the company forecast. Shares last traded at HK$58.30. (jason.chau@wsj.com)
(END) Dow Jones Newswires
December 11, 2025 02:16 ET (07:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments