News for JD Health International Inc. (6618.HK)

JD Health stock remains a 'Buy' at Jefferies despite target cut, growth outlook positive

JD Health's short-term prospects appear to be unfavorable, considering the company's financial guidance and management commentary. See why JDHIF stock is a Hold.

Key Takeaways: Dada Nexus has appointed two JD Logistics veterans as its new chairman and CFO, hinting at closer integration between the two companies The intra-city delivery company has become more integrated with JD.com since JD boosted its stake in Dada Nexus to 52% last year from a previous 47% By Doug Young

Dada Nexus has appointed two JD Logistics veterans as its new chairman and CFO, hinting at closer integration between the two companies.

The Covid pandemic boosted traffic to online medical platforms, but a strategy shift meant Ping An Healthcare could not capitalize on the opportunity, and its revenues fell.

Key Takeaways: Freshippo’s announcement of 12 new stores may represent an acceleration of shop openings in the run-up to its Hong Kong IPO The company’s focus on online orders delivers higher revenue-per-store than its peers, but also carries higher costs for its own delivery fleet By Doug Young

Uncertainty surrounds the growth outlook for online medical services, putting a question mark over Alibaba Health’s ability to deliver stable profits over the longer term.

Key Takeaways: Alibaba Health delivered robust annual earnings, with revenue jumping 30% to 26.76 billion yuan But its medical services division still accounts for just 3.5% of overall revenue By Molly Wen

The founder of JD.com, Richard Liu, stepped down as CEO last April. His successor, Xu Lei, has said that the boss never really left, suggesting the CEO title conferred limited power.

Key Takeaways: The founder of JD.com, Richard Liu, stepped down as CEO last April. His successor, Xu Lei, has said that the boss never really left, suggesting the CEO title conferred limited power JD.com’s first-quarter adjusted net profit rose 88% to 7.59 billion yuan, and some analysts are upbeat about the outlook

Key Takeaways: Yidu Tech is selling 20% of its international unit for $55 million, and will use the funds to ease its increasingly tight cash flow and for working capital The deal comes as the company cuts back its spending to focus on profitability rather than growth By Trevor Mo

Asian equities were largely higher with growth stocks powering Hong Kong and South Korea’s Kosdaq.