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.
