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Stock impact report

JD.com Seeks $3 Billion Hong Kong Listing- Report [Yahoo! Finance News]

JD.com, Inc. - American Depositary Shares (JD) 
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report
US:NASDAQ Investor Relations: ir.jd.com
Chinese e-commerce giant JD.com According to ’ sources, JD.com is hoping to raise as much as $3 billion from the listing, which could take place as soon as June. If the move goes ahead, this would mark the largest equity capital market transaction in Hong Kong so far this year.Despite Covid-19, JD.com has seen its US--listed shares surge 24% year-to-date, giving the company a $64 billion market valuation. Indeed, the stock currently shows a bullishStrong BuySee JD stock analysis on TipRanksNotably, both Morgan Stanley and Bernstein have upgraded JD from hold to buy recently. Bernstein analystDavid DaiThe analyst explains “JD is a 100% China play. In the worst period of COVID-19 in China, JD outperformed peers. Now while the rest of the world is experiencing what China had 2 months ago, things in China are already turning the other direction.”As a result, he raised JD’s estimated revenue growth to 18% this year and 20% next year, and net margin to expand to 2.4% by 2021.In November 201 Show less Read more
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