Bank of America Securities: Raise JD Logistics target price to HK$16.6, reiterate "buy" rating.

Bank of America Securities released a research report stating that in a volatile operating environment, revenue growth is more important than profit margin, reflecting the high stickiness of supply chain logistics customers. Adjusted JD Logistics' non-IFRS profit forecast for the next two years by 13% to 18%; the target price has been raised from 15 Hong Kong dollars to 16.6 Hong Kong dollars, reiterating a "buy" rating.