Daily BriefsIndustrials

Daily Brief Industrials: JD Logistics and more

In today’s briefing:

  • JD Logistics (2618 HK): 3Q22 High Growth, Not Just Acquired But Organic, 29% Upside

JD Logistics (2618 HK): 3Q22 High Growth, Not Just Acquired But Organic, 29% Upside

By Ming Lu

  • The growth rate of total revenue accelerated in the third quarter of 2022.
  • We believe the organic growth was also strong besides the acquisition of Deppon.
  • We set an upside of 29% and a price target of HK$19.90.

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