CICC: Maintains an Outperform rating for JD Logistics (02618.HK) with a target price of HKD 19.40.

According to the Zhito Finance APP, China International Capital Corporation (CICC) has released a research report stating that due to positive outlook on JD Logistics (02618.HK) for profit improvement in 2026, it maintains an 'outperform' rating and a target price of HKD 19.40, corresponding to non-IFRS price-to-earnings ratios of 12.6 times and 10.8 times for 2026 and 2027, respectively, which presents an upside potential of 36.9% compared to the current price. The current price corresponds to non-IFRS price-to-earnings ratios of 9.2 times for 2026 and 7.9 times for 2027.