On August 20, JD-SW rose 3.02% in regular trading, trading at 116.4 HKD/share, with turnover of HKD 156 million.
On the news front, JD.com officially unveiled its robotics strategy at the World Robot Conference on August 19, announcing plans to invest over 100 billion yuan in resources in the robotics sector by 2028. The plan aims to help 100 brands achieve independent sales exceeding 1 billion yuan each, deploy robots across one million terminal scenarios, and bring consumer-grade robots into tens of millions of households. JD also signed on as the WRC Global Strategic Partner and plans to establish 80 RoboBase robot hubs.
The rise also extends a post-earnings oversold recovery. JD previously fell over 13% after reporting its first-ever quarterly revenue decline of 2.9% YoY in Q2. However, adjusted net profit of 8.93 billion yuan surged 20.8% YoY, significantly beating estimates. Management guided that the retail segment is expected to return to positive growth in Q3, reinforcing a clear profitability inflection point. Bank of America reiterated a Buy rating with a target of HKD 149, and Jefferies raised its target to HKD 194.
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