CICC: Expects JD.com-SW (09618.HK) third-quarter retail revenue to be solid

CICC released a research report stating that it forecasts JD.com-SW (09618.HK) will deliver solid retail revenue performance in the third quarter, with group revenue rising 3.5% year-on-year to RMB 309.5 billion in Q3, non-GAAP net profit expected to increase 41% year-on-year to RMB 8.16 billion, and non-GAAP net margin reaching approximately 2.6%; the bank maintains its "Outperform" rating and US$36 target price for JD.com (JD.US).