0304 GMT - JD Logistics has a strong revenue and earnings outlook, UOB Kay Hian analyst Roy Chen says in a note. He projects 3Q revenue to rise 20% on year to about CNY 53 billion, driven by growth in its core logistics business as well as an uplift from its new food and beverage delivery services. However, Chen expects a temporary on-year dip in 3Q core after-tax profit, due to costs from recent capacity expansion, before regaining growth in 4Q. The analyst is positive on its acquisition of JD.com's on-demand local delivery units, noting that it offers synergy realization potential. UOB maintains a buy rating on JD Logistics' stock and a HK$22.00 target price. JDL is UOBKH's top sector pick for its market leadership in China's integrated supply chain and premium logistics space as well as its little direct exposure to U.S.-China trade tensions. Shares recently traded at HK$12.52.(jason.chau@wsj.com)
(END) Dow Jones Newswires
October 15, 2025 23:04 ET (03:04 GMT)
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