bullish
JD/PDD/E-Commerce Sector Report: JD May Have Better-Than-Expected Performance in 618
312 Views13 Jun 2023 09:57
Our recent channel check suggests that JD's YoY growth during this year's 618 may exceed 15%, higher than the 10% growth seen in 2022. We raise JD’s TP to US$ 32 and lower PDD’s TP to US$ 91.
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Blue Lotus Research Institute
China growth and global non-US Internet equities
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