Stock Idea JD.com: A potential winner amidst China’s Big Tec | FSMOne SG - Research Highlights

Stock Idea

JD.com: A potential winner amidst China’s Big Tech crackdown

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• JD.com to enjoy market share gains as China clamps down on the monopolistic “two choose one (二选一)” exclusivity contracts.

• JD.com is poised for growth in this new regulatory environment as its business philosophy to create value through innovation and infrastructure build, is aligned with government goals.

• Further online retail growth, especially in the luxury segment, will be a growth driver for JD.com as the company’s premium services in supply chain management suit the needs of luxury brands.

• Our 2023 target price for JD.com (HKEX:9618) is 477 HKD, and this translates to an upside potential of 62%, based on the last closing price of HKD 295 on 15 Sep 2021.

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: JD.com (HKEX:9618)