2024-02-10 04:11:09 ET
Summary
- JD.com stock fell in the wake of Alibaba's December quarter earnings release.
- The release renewed fears of a slowing Chinese economy, as Alibaba grew revenue at just 2.1%, or 5% in constant currency.
- JD.com's stock has fallen significantly and is now trading at a cheap valuation, making it a potentially good investment.
- In this article I explain why JD stock is a good value at today's prices.
This week, all eyes are on Chinese ADRs. Yesterday, Alibaba Group Holding ( BABA ) reported its earnings for the quarter ended December 31, and announced a $25 billion increase in buybacks. Analysts expected that Alibaba would reveal $36.4 billion in revenue and $2.64 in earnings per share (“EPS”) in Q4. The company actually did $36.66 billion in revenue (up 2.1% or 5% in constant currency), and $2.67 in EPS, beating both estimates....
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JD.com: Extreme Cheapness Won't Last Long