Added to YB: 2026-08-28
Pitch date: 2026-08-26
7618.HK [bullish]
JINGDONG Industrials, Inc.
-2%
current return
Author Info
No bio for this author
Company Info
JINGDONG Industrials, Inc. provides supply chain-based technology and services in the People's Republic of China.
Market Cap
HKD 31.8B
Pitch Price
HKD 13.51
Price Target
25.00 (+89%)
Dividend
N/A
EV/EBITDA
17.53
P/E
28.38
EV/Sales
0.64
Sector
Trading Companies and Distributors
Category
growth
JINGDONG Industrials (7618.HK): The Grainger of China
7618.HK (hold): The very small position in JINGDONG Industrials rests on the gap between accelerating operations and a below-IPO share price: H1 2026 revenue rose 27.4% and adjusted net profit 43.4%, while key-enterprise transaction-value retention reached 119%. At end-2025, it had no borrowings and RMB14.5 billion of cash resources; after deducting RMB12 billion of modeled excess cash, the operating business trades at about 13.5x estimated 2026 earnings, while 22x estimated 2028 EPS supports HK$25 per share. Parent dependence, the VIE, thin margins, concentrated control and the CEO transition warrant the discount.
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