Report Date and Broker Information

• Date: October 28, 2024
• Broker: CGS-CIMB, Singapore, Retail Research

Overview of JD Logistics Inc.

JD Logistics Inc., listed on the Hong Kong Stock Exchange under the ticker 2618, is identified as a strong technical buy candidate. This assessment is based on favorable entry price levels, with structured targets and stop-loss recommendations to guide potential investment.

Entry and Target Price Levels

• Entry Prices:
  • HKD 16.24
  • HKD 14.70
  • HKD 11.80
• Target Price Levels:
  • Target 1: HKD 18.08
  • Target 2: HKD 21.04
  • Target 3: HKD 25.60
  • Target 4: HKD 38.20

Stop-Loss Recommendation

• Stop Loss: HKD 10.90, providing a risk management measure for traders and investors.

Technical Buy Rationale

CGS-CIMB’s analysis highlights JD Logistics Inc. as a promising technical buy due to its attractive entry points and well-defined target ranges. The report suggests that JD Logistics has the potential for upside growth, backed by structured technical indicators supporting a rise toward the outlined target levels.

Analyst Insight

CGS-CIMB’s recommendation of JD Logistics Inc. reflects a calculated approach for those seeking entry into a stock with clear targets and risk thresholds, catering to investors focused on technical buy opportunities within the Hong Kong market.