The semi-annual report was released on August 7, 2020, and the net income in the second quarter was RMB 20 1 1 billion yuan (about US$ 28.5 billion), up 33.8% year-on-year. Since the closing of 17 in August, the stock price has risen by over 32% in seven trading days. As of the close of August 26th, JD.COM Group's Hong Kong stocks rose like a rainbow, and their share prices hit record highs. Today it opened at 3 10.8 yuan, with a maximum of 32 1.6 yuan. Its intraday market value once exceeded 1 trillion Hong Kong dollars. Two and a half months after listing, the market value soared by HK$ 300 billion, and the stock price hit record highs.
Extended data
The reason of JD's rise. Many institutions have raised their target prices.
1. Gregory Zhao, an analyst at Barclays, raised his target price from $79 to $83, maintaining his "overweight" rating.
Gregory Zhao said that in June this year, China's user participation, business marketing demand, supply chain and logistics capabilities all reached record highs, which can be proved by the financial reports submitted by Alibaba, JD.COM and Pinduoduo last week. This analyst believes that this has set a "new starting point" for the e-commerce market in China.
2. Goldman Sachs raised the target price of JD.COM Group from HK$ 283 to HK$ 329 and put it on the "confirmed buy" list.
Goldman Sachs pointed out that the company's retail scale will continue to expand, from non-essential to daily necessities. It is estimated that the company's revenue will increase by 26%, 265,438+0% and 20% respectively in 2020-22. Goldman Sachs believes that JD.COM. COM's leading peers' purchasing scale, advertising advantages, cost control and other favorable factors will push the company's net profit rate under non-GAAP to 2.25%, 2.5% and 2.8% in 2020-22.
JD。 Business segments such as JD Health, Jingdong Logistics and JD.COM Digital Technology will continuously improve their contribution valuation. Raise the target price of JD.COM to HK$ 329 to reflect the expected positive business prospects.
3. Nomura Securities raised the target price of JD.COM Group from HK$ 287 to HK$ 320, maintaining the "overweight" rating.
Nomura Securities said that JD.COM. COM's revenue and profit in the second quarter of this year exceeded expectations, of which total revenue increased by 34% year-on-year, exceeding the expectations of the market and Nomura by 5%, mainly boosted by the steady growth of retail and logistics business. In addition, due to the increase in income and non-operating income, the company's non-GAAP earnings per share increased by 52% year-on-year, higher than the market forecast of 29%.
4. Daiwa Securities raised the target price of JD.COM Group from HK$ 290 to HK$ 308, and maintained its "buy" rating.
Yamato published a research report that JD.COM. COM's revenue grew strongly in the second quarter, far exceeding market expectations, and it is expected that the company will maintain a strong growth momentum in the second half of the year. Due to the suppressed demand for public health events, the company's revenue in the category of electronics and household appliances increased by 28% in the second quarter, and this growth momentum is expected to return to normal in the third quarter.
5. Guosen Securities raised the target price of JD.COM Group to HK$ 365,438+08-329, and continued to maintain the "buy" rating.
Thanks to the effect of Jingxi's sinking strategy, the user growth rate in a single quarter reached a new high of 1 1 quarter. The future depends on JD.COM. With the strong supply chain of COM and the social advantages of WeChat, Jingxi will continue to release kinetic energy and contribute to incremental users. In addition, with the listing of logistics, mathematics and health services in the future, it will contribute considerable market value space for the company. At the same time, the innovative business has advanced technological advantages, which continuously consolidates the moat of the company through management output and collaborative empowerment, creates a second value curve for the company and leads the company to develop rapidly in the future.