0118 GMT - JD Logistics' 2H margins could be supported by the recent moderation in oil prices, say Citi analysts Brian Gong and Alicia Yap in a note. Surging fuel costs over the quarter ended June likely dragged on the Chinese logistics service provider's 2Q margins, partially offset by efficiency improvements, they say. The company previously noted that additional fuel-related costs accounted for close to 1% of revenue, the analysts say. Meanwhile, they expect JD Logistics' organic revenue growth to sustain at a mid-single digit percentage thanks to factors such as stronger performance from its JD Retail business. Citi retains its buy rating, citing the stock's undemanding valuation, and a target price of 18.00 Hong Kong dollars. Shares last closed at HK$12.72.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
July 13, 2026 21:18 ET (01:18 GMT)
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