0537 GMT - JD Logistics could report stronger-than-expected 1Q earnings, say Nomura analysts in a note. This likely stems from the pick up in growth for its integrated supply chain revenue and organic revenue from other customers, they say. Nomura expects 1Q net profit before non-controlling interest likely rose 38%, beating the latest consensus estimates by 11%, while projecting adjusted net profit margin to expand 0.2 percentage points to 1.8%. The logistics service provider also flags that fuel cost increases have limited impact on 1Q profitability, but could weigh more in 2Q, the analysts say. Nomura maintains its buy rating and HK$18.00 target price. Shares are up 4.5% at HK$15.09. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

April 14, 2026 01:37 ET (05:37 GMT)

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