[ET Net News Agency, 29 December 2023] Morgan Stanley raised its target price for JD
Logistics (02618) to HKD8.9 from HKD8 and upgraded its rating to "equal-weight" from
"underweight".
The research house said its non-IFRS profit estimates go up 38%, 19% and 8% to RMB1.6bn,
RMB2.5bn and RMB3.7bn, respectively, mainly factoring in better profit assumptions for
Kuayue. (RC)