Oriental Securities: Maintains a "buy" rating on JD Group - SW (09618.HK) with a target price of HK$190.96.

Wisdom Finance app learned that Oriental Securities released a research report stating that it maintains a "buy" rating on JD Group-SW (09618.HK), and raises its forecasted revenue for 2025-2027 to 1.3312 trillion / 1.4094 trillion / 1.4856 trillion yuan (originally forecasted to be 1.3276 trillion / 1.3967 trillion / 1.4642 trillion yuan), and adjusted net profit attributable to mother to 27.1 billion / 43.8 billion / 52.5 billion yuan (originally forecasted to be 22.8 billion / 43.6 billion / 52 billion yuan) for 2025-2027. Based on comparable companies, the company is given a 2026 retail + new business 9XPE valuation, and the company's target market value is calculated to be 554.6 billion yuan, corresponding to a per share price of 190.96 Hong Kong dollars (with the exchange rate of 1.098 yuan to Hong Kong dollar).