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Real-time News
On April 14th, Bank of America Securities released a research report, forecasting that JD Logistics (02618.HK)s total revenue for the first quarter of 2026 will increase by 25% year-on-year to RMB 58.9 billion, with non-IFRS net profit rising by 37% year-on-year to RMB 1.03 billion. The non-IFRS net profit margin is expected to improve from 1.6% in the same period last year to 1.8%. Excluding the on-demand delivery business, the bank expects JD Logistics core supply chain logistics revenue to grow by 6% year-on-year, with traditional express delivery revenue growing by 10%, outperforming the industry, while its cross-border express delivery business will achieve double-digit growth. Bank of America Securities believes that in a volatile operating environment, revenue growth is more important than profit margin, reflecting the high stickiness of supply chain logistics customers. The bank also raised its non-IFRS profit forecasts for the group for this year and next by 13% to 18%; the target price was raised from HK$15 to HK$16.6, and the "Buy" rating was reiterated.On April 14th, it was learned from the Beijing Municipal Commission of Transport that the Beijing Municipal Transportation Law Enforcement Team has recently launched an investigation into Shanghai Hello Bike Technology Co., Ltd. for illegally deploying excessive numbers of shared bicycles in Beijing. Going forward, Beijings transportation authorities will continue to strengthen supervision of the shared bicycle industry, urging all operating companies to earnestly fulfill their responsibilities and operate in accordance with laws and regulations. For issues such as illegal deployment and untimely data access, measures such as interviews, administrative penalties, and dynamic control of the total number of bicycles will be taken in accordance with the law. Companies that repeatedly violate regulations and refuse to rectify their practices will be severely punished according to law.The China Earthquake Networks Center officially determined that a magnitude 3.1 earthquake occurred in Tongliang District, Chongqing (29.61 degrees north latitude, 106.07 degrees east longitude) at 11:53 on April 14, with a focal depth of 8 kilometers.On April 14th, Japans 20-year government bond auction attracted the strongest demand since 2019, with higher yields continuing to attract investors despite ongoing conflicts in the Middle East. The bid-to-cover ratio for Tuesdays auction was 4.82, compared to 3.25 in the previous auction and a 12-month average of 3.27. Prices of Japanese government bonds rose after the auction.DeepX, a South Korean AI chip startup, is preparing for an IPO in South Korea.
