2024-04-09 01:52:14 ET
Summary
- JD.com's stock price has risen by 11% since I last wrote about it in January, while competitors like Alibaba and PDD Holdings have tumbled in the meantime.
- Some impact of the company's efforts to woo both merchants and customers through better terms has seen some initial positive impact on revenues.
- China's economy is seeing signs of improved health, with online retail sales seeing double-digit growth and consumer prices turning inflationary.
- It still remains to be seen whether JD's fundamentals can continue to improve. In the meantime, its forward P/E looks less attractive than before, too.
Since the last time I wrote about China's retailer JD.com (JD) in January, its price has risen by 11%. This comes as a relief after it lost 48% of its value in 2023. Even more interestingly, the stock's rise is at odds with a decline in the price of both its competitors Alibaba ( BABA ) and Temu owner PDD Holdings ( PDD ) by 5% and 18% respectively....
Read the full article on Seeking Alpha
For further details see:
JD.com: Positive Trends Underway Are Too Nascent