Excellent analysis. The market still treats $JD like a fading e-commerce name, but the fundamentals show net cash ~60% of market cap and double-digit revenue growth. Plus, a super low P/E points to deep-value pricing for a platform with durable competitive advantages in logistics and fulfillment.
If JD can stabilize margins as food delivery business normalizes, I think we could see both earnings growth and multiple expansion taking the price above $50.
But I cant help but think, why not invest in BABA or PDD? Is it purely valuation or the fact JD is yet to run up?
Have you also considered other Asain behemoths like Sea and Coupang? I also really like their growth stories and they seem to be in a better place than JD
Hi mate. Thank you. So I already own BABA from an average of 72 and PDD from 112. JD is a new addition.
I do also own SE as a core position at average of 80 from a few years back. CPNG I owned for a little but I lost money on that one. Agree they are better companies but I see money to be made here
Excellent analysis. The market still treats $JD like a fading e-commerce name, but the fundamentals show net cash ~60% of market cap and double-digit revenue growth. Plus, a super low P/E points to deep-value pricing for a platform with durable competitive advantages in logistics and fulfillment.
If JD can stabilize margins as food delivery business normalizes, I think we could see both earnings growth and multiple expansion taking the price above $50.
I am in agreement. We need to set food delivery spend normalise and it will, stock is very undervalued
Don’t want more that one Chinese stock in portfolio
Yes my favourites remain KWEB and BABA. Long BABA since 2023 December
Good write-up! You make a compelling case.
But I cant help but think, why not invest in BABA or PDD? Is it purely valuation or the fact JD is yet to run up?
Have you also considered other Asain behemoths like Sea and Coupang? I also really like their growth stories and they seem to be in a better place than JD
Hi mate. Thank you. So I already own BABA from an average of 72 and PDD from 112. JD is a new addition.
I do also own SE as a core position at average of 80 from a few years back. CPNG I owned for a little but I lost money on that one. Agree they are better companies but I see money to be made here
Thank you for reading! Let’s see how the story plays out but we need to see capex normalise