$JD.com(JD)$
That said-I still hold/maintain much of my baseline position from $21.5 because the Company is still valued at forward P/E~11, trailing earnings and guidance have been strong, and there is reasonable upside still (IMO) from this valuation.
I have a hard time seeing markets value JD at known/historical S&P avg P/E ~ 17 ($70-75), as there is a risk adjusted valuation from China/US tensions - still further upside, though more limited (IMO) for the reasons noted.[Cool][Cool][Cool]
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