[JD Logistics (2618 HK, SELL) Earnings Review]: Declining Customer Count Isn’t a Good Sign
We have concerns about 1) the declining number of external integrated supply chain (ISC) customers; and 2) declining gross margin, which...
246 Views
JD Industrials Pre-IPO - The Negatives - Hasn't Provided a Whole Lot of Details
JD Industrials is looking to raise about US$1bn in its upcoming HK IPO. In this note, we talk about the not-so-positive aspects of the deal.
340 Views
JD Industrials Pre-IPO - The Positives - Growing Fast and a Leader in Its Space
JD Industrials is looking to raise about US$1bn in its upcoming HK IPO. In this note, we talk about the positive aspects of the deal.
411 Views
JD Property Pre-IPO - The Negatives - Unprofitable Without FV Gain. Gearing Could Limit Growth Plans
Jingdong Property (JDP HK) is looking to raise about US$1bn in its upcoming Hong Kong IPO. In this note, we will talk about the not so positive...
395 Views
JD Property Pre-IPO - The Positives - Active on the Acquisition Front Leading to Growth
Jingdong Property (JDP HK) is looking to raise about US$1bn in its upcoming Hong Kong IPO. In this note, we will talk about the positive aspects of...
438 Views