JD.com's Hong Kong shares fall most in over 2 weeks, Nomura trims TP

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JD.com's Hong Kong shares fall most in over 2 weeks, Nomura trims TP

Reuters2021-06-11

** Hong Kong shares of China's e-commerce company JD.com Inc fall 2.2% to HK$277.20, the lowest since May 25

** Stock ranks the fourth biggest decliner in the Hang Seng Tech Index and the sixth biggest loser in information technology sub-index

** Nomura maintains "buy" rating on JD but trims TP of its Hong Kong shares to HK$365 from HK$375 and its U.S. shares to $94 from $98, saying the tone about investment in community grocery group-buy $(CGG)$ business sounds more aggressive than originally thought

** JD's management has decided to ramp up investments in CGG space from 2Q, instead of taking a prudent approach on CGG investment which the market believes that JD was unlikely to invest as aggressively as its peers like Meituan and Pinduoduo - Nomura

** The Hong Kong Hang Seng sub-index tracking information technology firms gains 0.1%, while the Hang Seng Tech Index edges down 0.02%%

** The Hang Seng China enterprises index climbs 0.2%, and the bench mark index rises 0.3%

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爱睡的雇主
·2021-06-12
Hi
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wheregottime
·2021-06-11
wgt
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wheregottime
·2021-06-11
oh no
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e13v3n
·2021-06-11
whats the reason for fall?
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- rae90:
  hey ma n
  2021-06-15
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Cychu
·2021-06-11
OMG
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scenichu
·2021-06-11
[LOL] [LOL] [LOL]
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nickname223
·2021-06-11
Time to buy
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- kyawkh:
  really?
  2021-06-11
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allycat
·2021-06-11
Time to buy
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- nickname223:
  probably
  2021-06-11
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Saba
·2021-06-11
?
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1
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- Nicolas_Lim_:
  ok
  2021-06-11
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Alanleejw
·2021-06-11
Ok
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3
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- li1986:
  cool
  2021-06-11
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SHY86
·2021-06-11
Tome to buy!!!
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2
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Kay_L
·2021-06-11
Comment and like pms. Thank you
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1
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- Kay_L:
  thank you
  2021-06-13
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- vannwongg:
  done
  2021-06-11
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njkk
·2021-06-11
Like and comment :)
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4
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- IsaacHuat93:
  Comment vack plS
  2021-06-11
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- MrSoh:
  Like And Comment
  2021-06-11
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- wangwang93:
  please like and comment
  2021-06-11
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ALDX
·2021-06-11
Comment and like pls
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3
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- Huathk:
  Gd
  2021-06-13
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- njkk:
  Like and comment :)
  2021-06-11
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Traditional
·2021-06-11
Meme
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- Traditional:
  good
  2021-06-13
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- me168:
  [开心]
  2021-06-11
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- me168:
  [开心]
  2021-06-11
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飙高音
·2021-06-11
[難過]
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- SHY86:
  Ha
  2021-06-11
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[LOL] [LOL]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181595323","repostId":2142274958,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":181502922,"gmtCreate":1623399780066,"gmtModify":1704202562519,"author":{"id":"3581719514650082","authorId":"3581719514650082","name":"nickname223","avatar":"https://static.tigerbbs.com/3c9d3ce9ebd1f38f8f9c780ce1096cdd","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":1,"idStr":"3581719514650082","authorIdStr":"3581719514650082"},"htmlText":"Time to buy","listText":"Time to buy","text":"Time to 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