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21668 MB-JDL @EC2501A (CALL)
RT Nominal down0.850 -0.110 (-11.458%)

07/03/2024 15:01

{I-bank focus}Citi lowers JD Logistics (02618) to HKD12

[ET Net News Agency, 7 March 2024] Citi lowered the target price for JD Logistics
(02618) to HKD12 from HKD15 and maintained the "buy" rating.
The research house said it expects growth momentum to pick up a bit in 2024E with
gradual recovery on growth of number of external customers, which could be mainly driven
by KA customers. (RC)

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