Citigroup's "The Big Line": A survey shows that subsidies are effective in boosting demand for home appliances. Consumers are willing to spend more on travel.
Citibank released a study indicating that according to a recent online consumer survey of approximately 2,500 consumers in China, most respondents noted that their financial situation is better and expect to increase their spending in the next 12 months. Among them, 63% reported shopping several times a week, while about 49% shopped 6 to 10 times a month. The report states that the survey reflects an increase in consumer spending on e-commerce platforms during this year's Double Eleven shopping festival, believing that government subsidy measures have effectively boosted demand for home appliances, while consumers also indicated a greater willingness to spend more on travel. Citibank's preferred order for stock selection in China's e-commerce platform is JD.com.
Express News | Industrial Securities: Maintain JD-SW "Buy" rating to stimulate long-term growth through trade-in programs.
JD.com Logistics (02618.HK) experienced a growth of over double in overseas warehouse Orders in Southeast Asia during the Double Twelve.
JD.com Logistics (02618.HK) announced that several of its overseas warehouses in Southeast Asia will fully engage in services during this year's Double Twelve e-commerce major promotional event, with outbound Order volume on December 12 alone growing over 100% year-on-year. The company indicated that to further meet the supply chain Logistics service needs of more customers, JD.com Logistics' Malaysia No. 2 warehouse has further achieved doubled capacity. Since the commissioning of the Malaysia No. 2 warehouse in September this year, demand from local and cross-border Logistics in Southeast Asia has surged, with the warehouse processing Order volume increasing more than threefold year-on-year to date. JD.com Logistics expects to open three self-operated facilities in Malaysia next year.
Industrial Securities: Maintain Buy rating on JD-SW (09618) as trade-in encourages long-term growth.
Industrial Securities expects JD.com Group's revenue for 2024, 2025, and 2026 to be 1136.7/1207.6/1291.6 billion yuan respectively.
Shares of US-listed Chinese Stocks Are Trading Lower Due to Stimulus Concerns and Disappointing Economic Data. The Biden Administration Plans to Raise Tariffs on Solar Wafers, Polysilicon and Some Tungsten Products.
Express News | Huatai Research has assigned an initial buy rating to JD.com Listed in Hong Kong, with a Target Price of 182.73 Hong Kong dollars.
Express News | Zhongfu Building and Zhongfu Antique City auctioned but were not sold, with a starting price totaling approximately 0.523 billion yuan.
JD.com AI is targeting e-commerce marketing.
Reduce costs and increase efficiency.
Quick look at the Hong Kong market | The Hong Kong stock market continues to decline in the afternoon, with all three major indices falling over 2%; The drops in the tech, Autos, and Mainland Real Estate sectors have widened, with SUNAC down over 8%, Xpen
Network Technology stocks fell, MEITUAN-W dropped 3.73%, NTES-S fell 2.90%; most Alcoholic Beverages stocks declined, GRACEWINE dropped 9.36%, TIBET WATER rose 7.69%; most semiconductor stocks declined, SHEEN TAI rose 5.82%, HG SEMI fell 5.00%;
Hong Kong Stock Market Midday Review | All three major Indices fell, the Technology Index decreased by about 2%; the technology sector, domestic real estate, and China-Affiliated Brokerage stocks declined, SUNAC fell over 6%, CITIC SEC dropped over 4%, an
Network Technology stocks performed poorly, SenseTime-W fell by 3.21%, MEITUAN-W dropped by 2.84%; Golden Industrial Concept stocks generally declined, RA SILK ROAD increased by 7.46%, LINGBAO GOLD fell by 4.75%; Semiconductors stocks weakened, SHEEN TAI rose by 5.82%, Semiconductor Manufacturing International Corporation decreased by 3.87%;
Jiangxi Province promotes the "trade-in for new" program, with a 15% subsidy for purchasing mobile phones and tablets.
According to a report by CCTV News, Jiangxi Province recently launched a special subsidy program for mobile phones and tablets. From yesterday (the 12th), individual consumers participating in this program in the province can enjoy a subsidy of 15% of the final Fill Price when purchasing mobile phones or tablets. The report states that each subsidy will not exceed 1,000 yuan RMB, and each consumer is limited to participating once, only able to choose one mobile phone or one tablet. Coupons will be available starting at 10 AM daily, and are valid for the day. They are available on a first-come, first-served basis, and will end once the provincial subsidy funds are used up. (js/u)~
JD.com Logistics (02618.HK) signed a strategic cooperation framework agreement with General Logistics.
JD.com Logistics (02618.HK) recently signed a strategic cooperation framework agreement with General Technology Group International Logistics in Peking. According to the agreement, both parties will fully leverage their CNI Resource Index and deepen logistics business cooperation in vertical Industries such as 3C digital products, including transportation and allocation from warehouses to stores and direct delivery from warehouses to Consumers in various scenarios. (ta/k)~
Express News | The transformation and upgrading of Internet Plus-Related platforms has entered a critical period.
9 Consumer Discretionary Stocks With Whale Alerts In Today's Session
JD-SW (9618.HK): Riding the wave of Consumer recovery to focus on category expansion.
Initiating coverage of JD.com Group's Hong Kong stocks with a "Buy" rating. Looking ahead to 2025, with potentially stronger domestic demand recovery policies, we believe that JD.com has the opportunity to demonstrate superior cyclical resilience compared to its peers (mainly due to its presence in high-priced discretionary categories such as home appliances).
The Central Economic Work Conference was held in Peking, and **** delivered an important speech.
The Central Economic Work Conference was held in Peking, where **** delivered an important speech, Li Qiang gave a summary speech, and ****, ****, Cai Qi, ****, and Li Xi attended the meeting.
Jim Cramer Says This CEO 'Built An Amazing Company,' Recommends Buying Netflix
Express News | The Central Economic Work Conference states that a moderately loose MMF policy should be implemented, with timely reductions in reserve requirements and interest rates, to maintain ample liquidity.
Express News | Central Economic Work Conference: There will be a more proactive fiscal policy, increasing the fiscal deficit ratio.
Express News | Central Economic Work Conference: Implement a more proactive macro policy, expand domestic demand, promote the integration of technological innovation and industrial innovation development, and stabilize the property and stock markets.