SEHK:2618Logistics
JD Logistics (SEHK:2618) Revenue Jumps While Margin Pressure Clouds Value Case
JD Logistics went into this earnings season with a value label on it and a stock that had slipped over the past week and quarter, even as forecasts and a single digit P/E suggested a wide gap between price and potential. Today's Q2 release put hard numbers behind that debate. Revenue reached RMB 64.10b and net income excluding extra items came in at RMB 2.41b, while management pointed to strengthening operating profit and cash generation as the headline for a business that is trying to prove...