Daiwa Maintains Buy Rating on JD-SW, Slightly Raises Target Price to HK$172 Following Quarterly Results
Stock News
Mar 09
Daiwa has reiterated its "Buy" rating on JD-SW (09618) and increased its target price slightly from HK$171 to HK$172. The company's fourth-quarter 2025 performance largely aligned with expectations. Following a recalibration of subsidy programs, sales of electronics and home appliances showed a sequential recovery in the first quarter of 2026. JD-SW's revenue growth and profit recovery guidance for 2026 surpassed the bank's initial concerns. Capital returns remain robust, supported by cash dividends and a US$3 billion share buyback plan.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.