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China Merchants Securities Reaffirms Their Buy Rating on JD.com, Inc. Class A (9618)
In a report released yesterday, from China Merchants Securities maintained a Buy rating on JD.com, Inc. Class A, with a price target of HK$128.90.
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In a report released today, DBS also maintained a Buy rating on the stock with a HK$141.00 price target.
Based on JD.com, Inc. Class A’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of HK$298.97 billion and a net profit of HK$5.28 billion. In comparison, last year the company earned a revenue of HK$260.39 billion and had a net profit of HK$11.73 billion
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