JD.com Inc. Sponsored ADR Class A
79.81 - 82
30.25 - 86.58
Echofin Members Consensus
UK markets finished mixed on Friday. Serco rallied 16.6%, as the company upgraded its 2020 guidance, after reporting strong revenue growth in the third quarter. Dixons Carphone rose 3.1%, after a top broker upgraded its rating on the stock to ‘Sector Perform’ from ‘Underperform’. JD Sports Fashion advanced 2.9%, after a top broker raised its target price on the stock to 825.0p from 735.0p. Whitbread added 2.1%, following a rating upgrade on the stock to ‘Buy’ from ‘Hold’. On the flipside, J D Wetherspoon plunged 19.4%, after the company swung to an annual loss and stated that the government’s latest set of curbs had led to a fall in like-for-like sales in the first 11 weeks of the current fiscal year. Man Group eased 0.2%, despite reporting a rise in its funds under management in the third quarter. The FTSE 100 advanced 1.5%, to close at 5,919.6, while the FTSE 250 fell 0.1%, to end at 17,822.9. .
Pubs are finding it tougher as London and other regions head towards Tier 2 status – sentiment in hospitality is being crushed by the restrictions and many will become unviable. The government doesn’t seem bothered. There is a sense of inevitability about further lockdowns as more cities and regions go up the tier ladder. JD Wetherspoon preliminary results for the year to 26 July showed a near 30 per cent decline in like-for-like sales as it slipped to its first annual loss since 1984. Of course, it’s not just lockdowns shutting pubs, it’s depressed consumer sentiment. If you do go out these days, you get a less-than-optimum experience, so why bother? Chairman Tim Martin complained of ‘a marked slowdown’ since the introduction of forced table service, the requirement to wear a mask when not seated and the 10pm curfew. Shares fell 12 per cent. With no signs of when restrictions in the capital and elsewhere will be lifted pubs are becoming uninvestable in the current climate.
Next Dividend Date
JD.com, Inc. is a technology driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. The company operates through the following business segments: JD Mall, and New Businesses. The JD Mall segment represents its core e-commerce business. The New Businesses segment includes logistic services provided to third parties, technology services, overseas business, insurance and O2O. It also provides an online marketplace, whereby third-party sellers sell products to customers primarily through its websites and mobile apps. The company offers advertising, logistics and other value-added services. JD com was founded on June 18, 1998 by Qiang Dong Liu and is headquartered in Beijing, China.
CEO: Qiang Dong Liu
HQ: Building A Beijing, 101111