bullish
JD.com (JD US): Strong Profitability And Upsized Share Buyback in 2Q24
521 Views16 Aug 2024 15:46
JD.com's profitability and share buyback program exceeded expectations in 2Q24, with net profit margin rising to 5% and USD2.1bn worth of stock repurchased.
What is covered in the Full Insight:
- 2Q24 Profitability Increase
- Accelerated Share Buyback
- Top-line Growth Analysis
- Segment Performance
- Valuation and Yield
Boomeranged on Wed, 21 Aug 2024 12:35
Two pieces of news:
1) According to public news, Wal-Mart is looking to offload its entire stake (144.5m ADRs) in JD.com at USD24.85 - USD25.85.
2) At noon today, JD.com announced that it repurchased USD390m on one single day (August 21) and has fully utilized the repurchase amount authorized under its USD3bn share repurchase program approved in March 2024.
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Steve Zhou, CFA
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