Goldman Sachs: JD-SW (09618) rated as "buy" with a target price of HK$157.

Goldman Sachs released a research report stating that JD-SW (09618) has a "buy" rating, with a Hong Kong stock target price of 157 Hong Kong dollars. The company is focusing on how to improve sustained growth and profit expansion. The summary of JD's investor conference content pointed out that the company expects revenue to continue to improve in the second half of the year in a competitive environment, while maintaining disciplined investments. There is further room for downward adjustment in procurement costs, which will boost gross profit margins. JD reiterated that net profit for the year is expected to increase by a double-digit percentage, with long-term net profit margins expected to be in the high single digits. The company also committed to long-term shareholder returns.