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25306 UB-JDL @EC2503A (CALL)
RT Nominal unchange0.247 0.000 (0.000%)

10/03/2025 15:33

{I-bank focus}Nomura lowers JD Logistics (02618) to HKD15.3

[ET Net News Agency, 10 March 2025] Nomura lowered the target price for JD Logistics
(02618) to HKD15.3 from HKD15.7 and maintained the "buy" rating.
The research house said it raises FY25/FY26F revenue by 1%/3% to factor in the
encouraging revenue outlook, but cuts FY25F adjusted net profit by 2%, mainly given
increasing infra investments. (rc)

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