In today’s briefing:
- JD Logistics (2618 HK): 2Q23, External Revenue Still Grew Rapidly, 70% Upside
![](http://www.smartkarma.com/assets/plugins/a3-lazy-load/assets/images/lazy_placeholder.gif)
JD Logistics (2618 HK): 2Q23, External Revenue Still Grew Rapidly, 70% Upside
- In 2Q23, total revenue grew by 31% YoY and revenue from external customers grew by 56% YoY.
- The operating margin can still breakeven during the rapid growth.
- We believe the stock has an upside of 70% for yearend 2024. Buy.