$JD.com(JD)$ In 2017, JD was trading in the 35-45 range and the operating margin on JD retail was 1.4%.
JD Retail revenue has almost tripled to 930b RMB since then and operating margins have increased steadily 1.4%, 1.6%, 2.5%, 3.0%, 3.1%, 3.7%, 3.9%
JD Logistics brings another 155b RMB and is flirting with profitability.
And yet the stock price is lower than in 2017, and sinks 3-5% routinely for no reason.
The company also paid 35% of its FY22 Retail operating income as a dividend this year.
Has JD reached the bottom? Weekly RSI has almost reached oversold levels.
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