JD Logistics IPO: Valuation Insights
The net proceeds are $3.2 billion at the mid-point of the IPO price range. We think that the IPO price range is attractive due to JD Logistics'...
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JD Logistics (京东物流) IPO - Widening Its Lead
JD Logistics (JDL HK) is looking to raise US$3.4bn in its Hong Kong IPO. We think that valuation here is reasonable and implies a decent upside...
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JD Logistics IPO: We Play Devil's Advocate
We think the weak 1Q21 gross profit and margin at JDL reflect its lack of pricing power in the industry despite its largest market share position....
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ECM Weekly (16th May 2021) - JD Logistics, New Hope Svc, Ximalaya, Soulgate
Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs.
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JD Logistics: Margins Sink as JDL Prioritises Market Share but Peer Margins Shrink Too in 1Q21
JDL's GPM for 1Q2021 was 1% compared to 6.2% for 1Q2020 and drop in peer GPM in implies that the logistics industry as a whole was affected during...
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