JD Property Submits New Application for HK IPO
JD Property's Listing Application: JD Property has resubmitted its listing application to the Hong Kong Stock Exchange, with BofA Securities, Goldman Sachs, and Haitong International as joint sponsors.
Asset Management Scale: As of September 2025, JD Property's asset management scale reached RMB121.5 billion, focusing on logistics parks and managing a network of core logistics nodes.
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BofAS Reduces JD-SW's Target Price to HKD141, Anticipates Consistent Performance for 4QFY25
BofA Securities Report: BofA Securities predicts JD-SW will announce its 4QFY25 results in March, with total revenue expected to grow by 2.6% YoY to RMB356 billion, aligning with market consensus.
Sales Performance: The report anticipates a 3.1% YoY decline in direct sales revenue, primarily due to a 13% drop in home appliances and electronics sales, although this will be partially offset by strong growth in general merchandise.
Target Price Adjustment: BofA has reduced JD-SW's target price from HKD149 to HKD141 but maintains a "Buy" rating, citing the company's strong retail position and attractive earnings forecast.
Shareholder Returns: The firm highlights JD-SW's commitment to shareholder returns, projecting a nearly 10% dividend yield in 2025.
Kai Bo Food Supermarket by JD-SW Introduces Week-Long 20% Discount Across All Items
Stock Performance: JD-SW (09618.HK) experienced a decline of 1.806%, with short selling amounting to $95.27 million and a ratio of 13.998%.
Promotional Event: Kai Bo Food Supermarket is hosting a seven-day storewide promotion offering 20% off from January 28 to February 3 to celebrate the Lunar New Year.
