Is JD.com set for gains? [Video]

Giles Coghlan LLB, Lth, MA Financial Source

JD.com also known as Jingdong and formerly called 360buy, is a Chinese e-commerce company headquartered in Beijing. It is one of the two massive B2C online retailers in China by transaction volume and revenue, a member of the Fortune Global 500, as well as a major competitor to Alibaba-run Tmall. Many analysts consider that the China consumer market is set to grow considerably in the near to medium term once economies open again. Does this make JD.com a great share to buy as it approaches its strong seasonal time of the year?

The average return between February 22 and April 16 over the last 6 years has been +9.59%. Could this be a great company to buy once the Lunar New year holidays are over next week?

Trade risks

The main risk to this trade is on a negative risk tone or a vaccine-resistant COVID-19 variant that weighs on stocks.
If US 10 year yields rise too fast that could result in some equity selling.

Learn more about HYCM

Author

Giles Coghlan LLB, Lth, MA

Financial Source

Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.

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